BUSD is an ERC-20 token that supports BEP-2. It is stored across several Paxos reserves globally. The token was designed as an ERC-20 token in order to reach more platforms, as ERC-20 is interoperable with several blockchains.
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BUSD is widely used in Binance Smart Chain (BSC) and Ethereum when it comes to trading, lending, and other scenarios. According to the BSC Project, there are currently more than 400 decentralized applications that support BUSD.
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