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 moreHow do I exchange Busd to ETH?
How to Convert BUSD to ETH?
Read moreCan I buy crypto with Busd on Binance?
Purchase BUSD with your Binance.US cash balance or debit card, or through an ACH transfer . Binance.US supports multiple ways to trade other cryptocurrencies into BUSD.
Read moreWhat is the difference between USDC and USDT?
While USDT is used more frequently for trading and payments, USDC is often described as a safer stablecoin since Centre makes a greater effort to comply with audits and governmental regulation, and has more transparent, fully-backed reserves.
Read moreWhat is Tether coin?
Key Takeaways. Tether (USDT) is a stablecoin, a type of cryptocurrency which aims to keep cryptocurrency valuations stable . Tether is used by crypto investors who want to avoid the extreme volatility of other cryptocurrencies while keeping value within the crypto market.
Read moreHow many USDT coins are there?
As of September 2020, there are over 14.4 billion USDT tokens in circulation, which are backed by $14.6 billion in assets, according to Tether.
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