Binance usd, or busd, is a revolutionary collateralized stablecoin tied to the u.s. It is issued by paxos in partnership with binance. Busd is managed by a reserve of us dollars, which means that an equivalent amount of us dollars is held for each busd in circulation.
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Busd, binance’s stablecoin, maintains a 1:1 peg with the us dollar, ensuring price stability in the volatile crypto market. Binance usd (busd) is a stablecoin, pegged to the u.s. Managed by binance in partnership with paxos,.
This reserve is monitored by an authorized and.
It is supported by major cryptocurrency. Dollar at a 1:1 ratio. Dollar at a 1:1 ratio. Similar to other stablecoins, busd was created to provide ease of.
This means that 1 busd is always intended to be worth 1 usd.
