Binance USD (BUSD) Feed: Events, News & Roadmap
Binance USD Events on the Chart
What is Binance USD?
BUSD (Binance USD) is a stablecoin issued by Binance in collaboration with Paxos. Each BUSD token is backed by one US dollar and can be redeemed for dollars at a 1:1 ratio. Here are the key points about the BUSD project:
Backing and Stability: As a stablecoin, BUSD’s price is pegged to a stable fiat currency, in this case, the US dollar. This makes it less volatile compared to other cryptocurrencies.
Utility: BUSD can be used for trading on cryptocurrency exchanges, sending money, purchasing goods and services, or simply as a store of value.
Transparency: All assets backing BUSD are regularly audited by independent auditors to ensure the reserves match the US dollars for the issued tokens.