The purpose of this post is to explain What is Binance USD. Binance USD is defined as a stablecoin supported by fiat money and linked to the dollar.Value of one BUSD is equal to one USD. BUSD to regard as the stablecoins have the largest market caps at the moment. This is founded by Binance and Paxos. Binance is the largest cryptocurrency conversation worldwide. It was setted up by cryptocurrency millionaire Changpeng Zhao. He developed BNB that the second-largest smart contract platform in terms of market worth behind Ethereum.
The BUSD supply has been clearly rising during the 2021 bull run. In only 2021, the market cap increased from $1 billion to nearly $14 billion. But BUSD appears to be slowing down until 2022.
BUSD may be considered to be a multichain stablecoin because of its presence on Ethereum, BNB Smart Chain, Solana, Astar, Harmony, etc. And it is mainly traded on Ethereum and BSC. The number of BUSD on other blockchains is only about million. Liquidity fragmentation results from customers being able to easily link BUSD to other platforms for use.
The characteristics of Binance USD are no redemption fees, Global transfer, Compliance with U.S. regulations. As you can see, the above information about What is Binance USD showed. If you have any questions, please contact Market247.io.
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