What are the BUSD advantages?
As far as Binance USD price is always close to $1, this is a great investment instrument for short- and long-term storage of cryptocurrency. It can also be used for daily trading and cryptocurrency arbitrage with minimal risks and losses
BUSD can be exchanged for many other stablecoins and cryptocurrencies without limits. It’s present not only on Binance but on other exchange platforms, as well, being traded in pairs with many other crypto assets
Binance USD coin is regulated by American financial laws and complies with all applicable standards. The coin’s value is backed up by real fiat assets (USD), which means holders are unlikely to lose their funds
You can exchange BUSD for other stablecoins (PAX, USDC, TUSD) in a 1:1 ratio with zero commissions. Such swapping is available on Binance, Paxos, and other services. It makes crypto trading reliable and convenient
Even though Binance USD is widely used in the United States, it’s available on platforms around the world and can soon become a great tool for international payments and money transfers
Since BUSD is stored in a blockchain, hacking, and stealing of funds is almost impossible. Binance does its best to protect customers’ funds by taking the most advanced security and encryption measures
Binance USD Price (USD), 24h % Price and Volume
Binance USD Price
24 Hours Price
- 0.04 %
24 Hours Volume
$ 681 514 745
Binance USD news
BlockFi is raising interest rates on bitcoin and ether
Cryptocurrency lender BlockFi revealed it will raise interest rates on Bitcoin and Ether, effective April 1
ConsenSys, EY team up with Microsoft to build an Ethereum-based protocol for enterprise use cases
ConsenSys and Ernst & Young (EY) announced the two firms are developing a new Ethereum-based protocol, dubbed Baseline Protocol, in collaboration with Microsoft.
Most large cap cryptoassets are now negative for the year
With the recent market turmoil most large cryptoassets saw their year-to-date (YTD) returns turn negative. Bitcoin is now down 15.85% while Ethereum is down 0.95%.