Coin Description

Coin Name: Binance USD

Token Name: BUSD

 

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Coin Introduction

Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos), Approved and regulated by the New York State Department of Financial Services (NYDFS), The BUSD Monthly Audit Report can be viewed from the official website. Launched on 5 Sep 2019, BUSD aims to meld the stability of the dollar with blockchain technology. It is a digital fiat currency, issued as ERC-20 and supports BEP-2.

BUSD Use Case

Based on the price stability, Stablecoin plays an important role in transactions, payments and settlement, and Decentralised Finance (DeFi).

Here are some of the BUSD use case:

• Transfer your digital dollars (BUSD) anywhere in minutes, with low cost and on the blockchain.
• Trade BUSD on different exchanges and DEX.
• Deposit BUSD to earn an interest rate.
• Pay BUSD as payment for goods and services.
• Use BUSD as collateral and loan asset.
• Use BUSD as cross collateral in Futures.
• Store BUSD on an exchange or in a wallet.

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Token Overview

Total Circulation: 176 million

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Support links

Official Website: https://www.binance.com/en/busd

                           https://www.paxos.com/busd/

Whitepaper: https://coinpaper.io/coin/busd-binance-usd

 

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