What does BUSD mean in the world of cryptocurrency?

3 answers

• Dec 17, 2021 · 3 years ago
  BUSD is a digital currency that stands for Binance USD. It is a stablecoin pegged to the value of the US dollar, which means that 1 BUSD is equivalent to 1 USD. It was created by Binance, one of the largest cryptocurrency exchanges in the world. BUSD is designed to provide stability and reduce volatility in the crypto market, making it a popular choice for traders and investors who want to hedge against market fluctuations.
  427214
• Dec 17, 2021 · 3 years ago
  BUSD is a cryptocurrency that represents a digital version of the US dollar. It is backed by real US dollars held in reserve, ensuring its stability and value. BUSD can be used for various purposes in the crypto world, such as trading, investing, and making payments. It offers the advantages of blockchain technology, including fast and secure transactions, while maintaining the stability of a traditional fiat currency.
  422141
• Dec 17, 2021 · 3 years ago
  BUSD, short for Binance USD, is a digital currency issued by Binance, a leading cryptocurrency exchange. It is an ERC-20 token built on the Ethereum blockchain. BUSD provides users with a stable and reliable digital asset that can be easily traded and transferred. With BUSD, users can enjoy the benefits of cryptocurrencies while minimizing the risks associated with price volatility. It is a convenient tool for traders and investors who want to hold a stable digital currency in their portfolios.
  499125