Review on Binance USD by RODRIGO REIS
BUSD -THE DIGITAL DOLLAR
BINANCE USD( BUSD) is a reliable and fantastic project by the giant exchange Binance.
Due to the price stability, BUSD has a lot of benefits as payments, transactions and it is a good way of store digital money on your wallet/ exchange
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Pros
- BINANCE USD( BUSD) is a token pegged 1:1 to the US Dollars developed by Binance
- This stable coin was approved by the New York State Department of Financial Services (NYDFS)
- BUSD allows transactions with low fees
- You can convert others stablecoins for BUSD instantly
- The token is supported on ERC-20 and BEP-2 format
- Depositing BUSD on Binance, You can earn interest with lending
- BUSD TOKEN has a great trading volume
- Token available to trade in a large number of exchanges. A lot of pairs
Cons
- Token BUSD is not a good option for day traders, due to absence of volatility. It is a stable coin
