Cryptocurrency Q&A
What is busd in Binance?
What is busd in Binance?
Raffaele
Thu Mar 13 2025
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7
answers
1368
BUSD in Binance refers to Binance USD, a stablecoin pegged to the US dollar. It is issued by Paxos and supported by Binance, with a 1:1 ratio to USD. BUSD is used for trading, investing, and transferring value within the Binance ecosystem and beyond, providing stability and liquidity to the cryptocurrency market.
7 answers
GeishaCharm
Sat Mar 15 2025
Many users prefer stablecoins like BUSD for trading on cryptocurrency exchanges.
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Chloe_martinez_explorer
Sat Mar 15 2025
Binance is recognized globally as one of the largest and most prominent cryptocurrency exchanges.
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CryptoProphet
Sat Mar 15 2025
The primary objective of BUSD is to maintain a consistent and stable value.
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Daniela
Sat Mar 15 2025
Each BUSD token is intended to be equivalent to 1 USD.
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Giuseppe
Sat Mar 15 2025
Binance USD, also known as BUSD, is a stablecoin that has been issued by Binance.
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