WazirX Founder Confirms Asset Distribution Will Be in Tokens, Not Fiat or USDT

Quick Summary:

In a tweet earlier today, Nischal Shetty, founder and CEO of WazirX, India’s embattled crypto exchange, revealed a key detail of the company’s ongoing restructuring efforts.

Shetty confirmed that WazirX will distribute assets to users in crypto tokens, not fiat or stablecoins.

WazirX’s Distribution Plan Pending approval of the proposed restructuring scheme, users will receive […]

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Article Details

Author / Journalist: Abdulkarim Abdulwahab

Category: Crypto

Markets: IndiaSingapore

Topics: Tether (USDT) News WazirX Market News Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 16:31:00 (11 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 135 words

Reading Time: 1 minutes read

Sentences: 47 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23925132

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 20 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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Publisher ID: #124

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