What is Binance-peg BTCB token?

BTCB is a BEP2/BEP20 asset wrapped (pegged) on Binance Chain/Binance Smart Chain with a 1:1 peg to BTC locked on the Bitcoin blockchain . BTCB is operated on a centralized and trust-based model. The 1:1 peg means that the amount of wrapped BTCB is equal to the amount of BTC locked in a public address.19 Kas 2020

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Is BTC same as BTCB?

Is BTCB the same as BTC? BTCB is the Binance-pegged version of BTC on the Binance Smart Chain (BEP20) or Binance Chain (BEP2) . This is because Bitcoin has its own blockchain network, and BTCB is the bridged version of BTC on either the BEP20 or BEP2 blockchains.

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What is Binance pegged Busd?

BUSD is a regulated, fiat-backed stablecoin pegged to the U.S. dollar . For every unit of BUSD, there is one U.S. dollar held in reserve. In other words, the supply of BUSD is pegged to the U.S. dollar at a 1:1 ratio. Holders can swap their tokens for fiat and vice versa.

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