Binance USD BUSDBNB
$1.0005 0.04%
Latest Updates
Updated at 02:36$70,546,912.68
#517
$13,330,072.3 18.80%
-$0.0004 0.04%
-$0.00043 0.04%
What about Binance USD?
Binance and Paxos have joined forces to create BUSD, a stablecoin that is backed by the US dollar. With each unit of BUSD equal to one US dollar, BUSD's value fluctuates directly with USD. The stablecoin has built a reputation for transparency, providing a monthly audited report of reserves in compliance with regulatory standards to ensure the safety and security of user assets.
BUSD has become a popular option for traders and crypto users, as it enables them to transact with other digital and blockchain-based assets while minimizing the risk of market volatility. Cryptocurrency holders often face the challenge of portfolio value fluctuations; however, using a stablecoin such as BUSD can help mitigate this risk.
As a stablecoin, BUSD has been able to perform exceptionally well in the cryptocurrency space. Since its launch in 2019, BUSD has established itself as a leader in the industry, with one of the largest market capitalizations in the scene. Its stability and reliability have made it a preferred choice for many crypto users seeking a reliable alternative to traditional currencies.
Buy Binance USD Without Any Hassle
Trending
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