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
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