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.
Read moreHow do I get a USD Binance coin?
1. On the top of Binance home page, select the [Buy Crypto] option. 2. Choose [Buy] and select USD as the fiat currency that you will spend .
Read moreWhat is Binance USD crypto?
Binance USD (BUSD) is a new USD-denominated stablecoin approved by the New York State Department of Financial Services (NYDFS) that will be launched in partnership with Paxos and Binance .
Read moreWhat does USDC mean on Binance?
USD Coin is a stablecoin which is pegged to the US dollar . It is managed by Circle and Coinbase.
Read moreCan you buy USDC on Binance?
Binance accepts a wide range of currencies and makes it easy for you to buy crypto using USD , EUR, CNY, AUD, INR, RUB,and other fiat currencies. You can also use a wide range of accepted stablecoins such as Binance USD (BUSD), Coinbase USD Coin (USDC), and Tether (USDT) to buy crypto.
Read moreWhat is the point of USD Coin?
In a nutshell, USD Coin is a service to tokenize US dollars and facilitate their use over the internet and public blockchains . Besides, USDC tokens can be changed back to USD at any time.
Read moreIs USD Coin a good buy?
For instance, investors who want to explore the crypto space without taking on excessive risk would prefer a stable cryptocurrency such as USD Coin. USDC is a great option for traditional investors looking for a low-beta investment that can generate returns better than CDs .
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