Binance Usd busd

Binance USD (BUSD) is a regulated stablecoin pegged to the US dollar. It is a common token among the trading pairs Binance offers on its exchange. BUSD offers flexibility in allowing crypto users to turn their volatile crypto assets into a stable assets without going off the blockchain network. BUSD acts as both a stable investment for traders and investors. It is regulated, and BUSD is a solid choice of stablecoin to use alongside other crypto tokens for Binance exchange users

- BUSD is a stablecoin founded by Paxos and Binance. - Paxos is a New York-regulated financial institution. Led by CEO and Co-Founder Charles Cascarilla. - Binance is one of the biggest cryptocurrency exchanges founded by Changpeng Zhao

1. Each BUSD that a person holds corresponds to 1 US dollar in the bank account to ensure that one can always buy and redeem their assets anytime. 2. BUSD is supported on both ERC-20 and BEP-2; here dollars can be transferred anywhere in minutes, with low cost and on the blockchain