Is Binance-peg XRP same as XRP?

Listed as XRP-BF2, the XRP variant is pegged one-to-one to XRP on Binance’s main exchange for instant swapping without slippage , the exchange said. Binance minteds 10 million XRP-BF2 for the DEX. XRP-BF2 is preceded by a June 2019 addition of a pegged variant of bitcoin, BTCB.

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What is Binance-peg Busd?

Binance creates BUSD (BEP-20) by holding BUSD in an Ethereum blockchain address and minting peg BUSD tokens, each of which corresponds to a BUSD token held in reserve by Binance . BUSD (ERC-20) and BUSD (BEP-20) holders can swap their tokens between the blockchains depending on their needs.

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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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