Review on Binance USD by Amos joseph
BUSD
Binance USD is a pegged stable coin with 1:1 price tag of US dollar the idea behind BUSD is to control volatility in crypto currency.
With BUSD crypto holder and traders can conveniently hold their crypto asset in their wallet without need to worry about fluctuation of crypto price.
Getting started using BUSD can be bought directly from binance exchange platform using wire transfer or by making direct conversion of other crypto token for BUSD.
making transaction using BUSD is relatively low with zero fee charged it can be used to earn additional interest on binance platform when a holder lend his BUSD to other users.
Being a regulated crypto token backed by US finance department it can be traded on multiple exchange platform with multiple crypto pairs.
Pros
- Stable coin initiated to control volatility of crypto coin backed by US finance department
- Supported on multiple exchange for trading other crypto pairs
- Compatible with multiple wallet with low transaction fee
Cons
- BUSD non for now
