I've been hearing about BUSD recently and I'm wondering what it actually stands for and what its purpose is. Could someone explain the meaning of BUSD to me?
5
answers
Martina
Sun Mar 16 2025
Binance USD, or BUSD, is a digital asset issued by Binance.
isabella_oliver_musician
Sun Mar 16 2025
Binance is recognized globally as one of the leading cryptocurrency exchanges.
charlotte_clark_doctor
Sun Mar 16 2025
The primary characteristic of BUSD is its stability. It is designed to maintain a constant value equivalent to 1 USD per token.
GinsengBoost
Sat Mar 15 2025
This stability feature makes BUSD an attractive option for conducting transactions and trading activities on cryptocurrency platforms.
Bianca
Sat Mar 15 2025
BTCC, another prominent exchange, offers a range of services that cater to the needs of crypto enthusiasts. Among its offerings are spot trading, futures trading, and a wallet service.