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Revainrating 5 out of 5

Binance USD: A shining stablecoin for Latin America.

Binance USD is a cryptocurrency that is revolutionizing the crypto assets market, through the Binance platform, it is a blockchain that prevails in the American market and has established itself as one of the most solid and reliable organizations. Currently, one of the best options in digital currency that has been presented in the market is available, especially for those who seek to digitize their money quickly and easily: the BUSD a stablecoin that is directly linked to the US dollar on a…

Pros
  • It is directly linked to the US dollar.
  • Local currency can be used to purchase BUSD without commissions, as well as transfer and send money at low costs.
  • The BUSD is an ideal option for people who are not traders or users who are only interested in long-term returns.
  • Its price does not undergo significant variations.
  • It is supported and approved by the New York State Department of Financial Services (NYDFS).
  • It is well accepted so exchange operations can be carried out on multiple platforms.
  • Its projection in the digital market is excellent.
Cons
  • There are no negative comments about this stablecoin.

Revainrating 5 out of 5

Binance USD - A Stable Currency for Global Crypto Asset Trading

Binance USD is a digital asset known by its acronym BUSD, which serves as an instrument to allow the exchange of crypto assets through blockchain technology that combines the best of two large networks: Paxos and Binance. What are the benefits of this cryptocurrency? Its main advantage is that it is a stable value coin with 1: 1 equivalence to the US dollar, that is, 1 BUSD = 1 USD. Therefore, BUSD's issuance is fully backed by dollar reserves in US banks and is subject to regulation by the…

Pros
  • Offers cryptocurrency holders protection against market volatility; being a currency linked to FIAT money.
  • It allows making exchanges on multiple platforms and in different crypto assets with commission savings.
  • Allows you to trade globally with a globally accepted currency.
Cons
  • There are no disadvantages in its use.

Revainrating 5 out of 5

USD Stablecoin backed by Binance

The BUSD is a Stablecoin backed by Binance and Paxos. As a stablecoin, it's value is pegged to the US dollars on a 1:1 ratio with less volatility in the price. With the price of the BUSD being a relatively stable price, it's an ideal Crypto asset for flexible and locked savings and juicy returns. The relative stability of the BUSD protects one from the frequent volatility of the Crypto market. Going through coinmarket ranking, the BUSD is like the most 3rd most used Stablecoin based on its…

Pros
  • A Crypto asset pegged 1:1 to the US dollars giving it a stable value with lesser volatility
  • The coin is issued by Binance and Paxos which can account for credibility
  • Another note of its credibility is seen in it's transparency by releasing it's monthly audit report which can be viewed on the Binance website
  • The BUSD is a multichain Stablecoin as it hosted as an ERC-20 and BEP-2 token
  • The BUSD is like the 3rd most used Stablecoin based on its volume and 4th based on its market capitalization which shows high adoption
  • Being a stablecoin, it's an ideal Crypto for flexible and locked saving due to its lesser volatility nature
Cons
  • There is no negative comments. Being backed by Binance & Paxos and it's monthly audit report, I guess this is a great project

Revainrating 5 out of 5

Binance dollar cryptocurrency

Binance USD (BUSD) is a dollar-backed stablecoin that provides users with the ability to transact with other blockchain-based and digital assets. As we know this cryptocurrency obviously comes from Binance one of the largest cryptocurrency exchanges in the world. Here are 5 reasons why you should use Binance USD: BUSD is quite cheap: You can use your local currency to buy BUSD without commissions. You can save more: It offers up to 8.50% annual profit in interest when subscribing your…

Pros
  • A feature has been introduced on Binance that allows users to instantly convert from various other stablecoins to BUSD on a 1: 1 basis and without fees.
  • A zero fee promotion for all BUSD pairs traded on Binance.
  • BUSD has many benefits for the financial industry, from decentralized finance, or DeFi, to wealth management and settlement of accounts.
  • Fast transfers worldwide and lower cost.
Cons
  • No worries at the moment, BUSD has scalability and is fully supported by the Binance ecosystem.

Revainrating 5 out of 5

USD-backed crypto stablecoin.

The stable market is now quite impregnated. There is a whole host of equally attractive dollar back options supported by exchanges, trusts and banks. There are a number of decentralized forms that drive market risk. Should it be considered? It offers several advantages over other coins such as fully regulated stablecoins with its improved transparency. It also has price stability, is fully secured and monitored monthly, has scalability and is fully supported by the CZ ecosystem, it almost…

Pros
  • A zero manufacturer fee promotion.
  • It can be deposited for interest of more than 15% per year.
  • It can be used as collateral to take borrow in margin trading.
  • Users can instantly convert BUSD from several other stable ones on a 1: 1 basis and free of charge.
  • It has many benefits for the financial industry.
Cons
  • No real concerns, the growth and momentum has been pretty remarkable.

Revainrating 4 out of 5

Binance USD, it's Value and Advantages

It was launched in September 2019 by Binance exchange in conjunction with Paxos Trust Company and approved by New York Department of Financial services. It is stablecoins backed by US dollars on ratio 1:1. The BUSD is similar to BTCB which is a stablecoin but pegged to bitcoin and BGBP also a stable coin pegged to British pound, all on Binance chain. It is traded on Binance exchange and many notable exchanges. According to Binance exchange Paxos acts as custodian as well as issuer for…

Pros
  • It is a stablecoin built on Binance chain
  • Help to saveguard ones investment against volatility in crypto arena
Cons
  • There are lots of alternatives coin that have same function like it.