History of BUSD (Binance USD)?

  • History of BUSD (Binance USD)?

    BUSD is a stablecoin created by Binance, one of the world’s largest cryptocurrency exchanges. It was launched in September 2019 as a collaboration between Binance and Paxos, a regulated financial institution. BUSD is a USD-backed stablecoin, meaning that each BUSD token is backed by one US dollar held in reserve. BUSD is designed to provide a stable, secure, and compliant digital asset for global payments, trading, and other financial services. BUSD is available for trading on Binance and other exchanges, and can be used to pay for goods and services. BUSD is also available for use in decentralized finance (DeFi) applications.

    Read more at Cropty.app:

    What is BUSD

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