Binance USD (BUSD) تبادل

What Is Binance USD?

Binance USD is a stablecoin backed by the USD at a one-to-one ratio. Binance, one of the most popular crypto exchanges in the world, launched it in September 2019, aiming to minimize volatility risks during trading and improve the global DeFi network.

BUSD works on the Ethereum blockchain, being a ERC20 token. It is tradable with many popular coins and has low transaction costs, along with high transaction speed. Binance USD holders use it to pay for goods and services, as well as earn interest, transfer funds, or make it a collateral asset.

The coin ranks 34 according to Coinmarketcap and has a capitalization of $606,257,007. BUSD is one of the only three stablecoins that got approved by New York State Department of Financial Services, meaning that it is officially regulated and provides a public monthly audit report.