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.
Read moreWhat are Binance peg tokens?
A currency where the price is designed to remain the same as a designated asset . For example: 1 USDT is pegged to 1 USD. Also referred to as a stablecoin.
Read moreWhat does Busd stand for?
BUSD AcronymDefinitionBUSDBerkeley Unified School District (California)BUSDBurbank Unified School District (California)BUSDBellflower Unified School District (California)BUSDBenicia Unified School District (California)BUSD – What does BUSD stand for? The Free Dictionary acronyms.thefreedictionary.com › BUSD
Read moreHow much is Busd worth?
BUSD Price Statistics Binance USD Price$0.999Trading Volume24h$2,945,766,270.02 39.10%Volume / Market Cap0.1679Market Dominance0.87%Market Rank#13Binance USD price today, BUSD to USD live, marketcap and chart coinmarketcap.com › currencies › binance-usd
Read moreIs Busd backed by cash?
BUSD is a U.S.-regulated stablecoin, fully backed by U.S. dollars : 1 BUSD = $1.00 USD. BUSD offers faster ways to fund your trades and is acceptable as a medium of exchange, store of value, and method of payment across the global crypto ecosystem.
Read moreWhich crypto is backed by dollar?
Tether (USDTUSD) and TrueUSD (TUSDUSD) are popular crypto coins that have a value equivalent to that of a single U.S. dollar and are backed by dollar deposits.
Read moreIs USD Binance backed by dollar?
Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos), Approved and regulated by the New York State Department of Financial Services (NYDFS), The BUSD Monthly Audit Report can be viewed from the official website.
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