Cryptocurrency Q&A What is the meaning of BUSD?

What is the meaning of BUSD?

KatieAnderson KatieAnderson Fri Mar 14 2025 | 5 answers 983
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? What is the meaning of BUSD?

5 answers

Martina Martina Sun Mar 16 2025
Binance USD, or BUSD, is a digital asset issued by Binance.

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isabella_oliver_musician isabella_oliver_musician Sun Mar 16 2025
Binance is recognized globally as one of the leading cryptocurrency exchanges.

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charlotte_clark_doctor 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.

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GinsengBoost GinsengBoost Sat Mar 15 2025
This stability feature makes BUSD an attractive option for conducting transactions and trading activities on cryptocurrency platforms.

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Bianca 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.

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