What Is Binance USD (BUSD)?
Binance USD (BUSD) is a stablecoin backed 1:1 by the US dollar. It was created by Binance, a prominent cryptocurrency exchange, in conjunction with Paxos. BUSD is a fiat-backed stablecoin jointly launched by Binance and Paxos. US dollars kept in reserve are used to back up each BUSD token 1:1. BUSD intends to offer a […]
