Binance USD (BUSD): A U.S. dollar-backed stablecoin
BUSD Quick Stats
|CREATION DATE:||September 10, 2019|
|DEVELOPMENT STAGE:||Full Release|
|PROOF TYPE:||ERC20 Token|
CoinPayments is happy to have successfully integrated BUSD cryptocurrency to our growing list of payment solutions.
Merchants can now choose to accept BUSD payments for their business. Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance. Launched on 5 Sep 2019, BUSD aims to integrate the stability of the dollar with blockchain technology. This digital fiat currency is issued as an ERC-20 token.
Stablecoins have grown exponentially in popularity over the last years. And for a good reason. Merchants and companies often benefit from a stablecoin alternative to avoid experiencing significant price movements when sending/receiving money. BUSD offers a stable dollar-backed option to an otherwise volatile market.
“We hope to unlock more financial services for the greater blockchain ecosystem through the issuance of BUSD, including more use cases and utility through the power of stable digital assets,” said CZ.
BUSD offers a medium of exchange, store of value and method of payment across the global crypto ecosystem.
FURTHER INFORMATION ABOUT BINANCE USD
Binance USD Website | BUSD Block Explorer | Binance USD on Facebook
DISCLAIMER: The views and opinions expressed on this page do not represent those of CoinPayments Inc., Hodltech OÜ or their respective affiliates, employees and representatives (collectively, “CoinPayments”). CoinPayments does not endorse and is not responsible for or liable for the accuracy of any content, or the advertising, products, goods, services, materials or other statements, on this page. Readers should do their own research before taking any actions with respect to, or in connection with, this entity or the content and statements on this page. CoinPayments is not responsible or liable, directly or indirectly, for any damage, expense or loss caused by, or alleged to be caused by or in connection with the use of or reliance on, any content, statements, products, goods or services mentioned on this page.