Transparency and user protection have always been a top priority at Binance. BUSD is a fully regulated US Dollar-pegged stablecoin. We also offer the Binance-Peg BUSD, a wrapped version to extend BUSD's utility to other blockchains. Learn more ⬇️
BUSD is a stablecoin pegged to the US Dollar and issued by Paxos with branding support from Binance. It is approved by the New York Department of Financial Services , a regulator known throughout the finance industry for applying exceptionally rigorous standards to the entities and products it oversees. The asset is always available for purchase and redemption at a rate of 1 BUSD to 1 USD.
BUSD is designed with three key areas in mind: high-quality reserves, audits, and regulation. Well-designed stablecoins should only be backed by cash and short-term US Treasuries with a maturity ofare provided, allowing anyone to verify that BUSD is 100% backed by cash or cash equivalents. In accordance with strict custody regulations enforced by the New York state regulators, Paxos’ BUSD reserves are only held in FDIC-insured, bankruptcy-remote bank accounts or US Treasury instruments.
Customer assets are thus protected from bankruptcy and kept separate from corporate funds. As the assets are fully segregated, users do not need to worry about the issuer becoming insolvent - the assets will return to their rightful owners even in that unlikely event. Along with Paxos issuing BUSD on the Ethereum blockchain, Binance offers a wrapped BUSD token, called Binance-Peg BUSD, that runs on several other blockchain networks, including BNB Chain, Avalanche, and Polygon.BUSD is natively issued on Ethereum, thus limiting its usage outside of the Ethereum ecosystem.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
A Binance Event Through The Eyes of An Angel | Binance BlogBinance events play an integral part in building rapport with existing and potential Binancians. The company’s ambassadors, Binance Angels, are present at all major events, both sponsored and those put together directly by our teams. Angels’ role is to represent the ecosystem, help users solve any issues they might run into while using Binance products and services, and introduce the platform to potential new users.
Consulte Mais informação »
Blockchain Use Cases | Binance AcademyBlockchain technology has evolved considerably since it first started receiving attention in 2009. In this blog, you can explore the potential of blockchain and its current use cases in modern society ⤵️
Consulte Mais informação »
Binance CEO says crypto industry needs clarity of regulationsDominant cryptocurrency exchange Binance's chief executive Changpeng Zhao called for new but stable and clear regulations for the industry, in light of recent developments and participants 'cutting corners'.
Consulte Mais informação »
Binance CEO Likens FTX Fiasco to 2008 Financial Crisis — Warns of 'Cascading Effects' – Economics Bitcoin NewsBinance CEO Changpeng Zhao compares the FTX collapse to the 2008 financial crisis, warning of 'cascading effects.' crypto cryptocurrency
Consulte Mais informação »
Binance creates industry recovery fund to help projects struggling with liquidityCEO Changpeng Zhao said that the fund is not for FTX, but for other projects within the crypto ecosystem, adding that “liars or fraud never qualify as strong projects.”
Consulte Mais informação »
Bitcoin Tests $17K as Crypto Markets Add $40B on Musk and Binance Tweets (Market Watch)The cryptocurrency markets gained over $40 billion in hours following the tweets of CZ and Elon Musk.
Consulte Mais informação »