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What is Binance USD ? | All about Binance USD in short | Crypto Currency Binance USD

Jul 21, 2021 Binance USD, 4610 Views
What is Binance USD ? | All about Binance USD in short | Crypto Currency Binance USD

What is Binance USD ? | All about Binance USD in short | Crypto Currency Binance USD

What is Binance USD?

Binance USD (BUSD) is a new USD-denominated stablecoin, which is approved by the New York State Department of Financial Services (NYDFS), that will be launched in partnership with Paxos and Binance.

When was Binance USD invented ?

It was launched on 2019, which aims to achieve the stability of the dollar with blockchain technology. It is a fiat currency based on the price stability, payments and settlement.

Importance of Binance USD?

BUSD has achieved good results in use cases for exchanges, offering good liquidity, futures cross collaterals, loans, deposit interest,  savings on trading fees, and more. But we want to expand further. This time, we have been exploring various use cases beyond the exchange realm to drive massive adoption.

Future of Binance USD?

Future price of the Binance USD is predicted at $2.996469 (199.348% ) after a year according to our prediction system. This simply means that if you have invested $100 now, then it may be worth $299.348 on 2022 June 10, Friday.

Binance USD

Binance USD (BUSD) | Paxos

A to Z Full Forms and Acronyms