Cryptocurrency Q&A
What is a Binance PEG?
What is a Binance PEG?
GeishaWhisper
Wed Apr 23 2025
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8
answers
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Binance PEG refers to Binance-Peg tokens, which are stablecoins pegged to leading cryptocurrencies and issued by Binance on the BNB Chain. These tokens, such as Binance-Peg BUSD, aim to extend the utility of the original stablecoins to other blockchain networks, maintaining a 1:1 value with their native counterparts. This allows for interoperability and easy transfer across different blockchain platforms.
8 answers
benjamin_doe_philosopher
Fri Apr 25 2025
The value of Binance-Peg Cardano is indexed on the Cardano coin, ensuring that it mirrors the price movements of its counterpart.
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alexander_watson_astronaut
Fri Apr 25 2025
Binance-Peg Cardano is a unique token designed to operate on the Binance Smart Chain (BNB).
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Federico
Fri Apr 25 2025
It serves as a representation of the value of the Cardano coin but within the BNB ecosystem.
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Martino
Thu Apr 24 2025
BTCC, a leading cryptocurrency exchange, offers a wide range of services to its users.
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Sara
Thu Apr 24 2025
In summary, Binance-Peg Cardano is a token tied to the value of Cardano but operates solely on the Binance Smart Chain.
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