Review on Binance USD by Inioluwa Okedeji
Binance USD: The Most Popular Digital Dollar
Binance USD is the most popular stable coin in the cryptocurrency space. One BUSD is equivalent to one dollar(1$),
BUSD is just like a digital dollar but it is the native currency of the Binance Exchange Platform.
BUSD is also supported on ERC-20 and BEP-2 wallets this means there's no restriction to which wallet it can be stored because compatible with almost all available wallets.
BUSD being a stable currency and also an affiliate of the Binance exchange platform which is one the most popular cryptocurrency exchange traders use, makes BUSD more important and very used by almost all cryptocurrency traders globally.
BUSD being a stable coin allows users to keep their digital assets without the need to worry about rise or fall in value because the price is stable and fixed.
Personally, BUSD is very important in the cryptocurrency world, so I really do not have anything against it, because it usefulness cannot be underemphasized in the daily transactions.
Pros
- BUSD is compatible with ERC-20 and other wallets.
- It is a digitalized form of dollar.
- It allows users to keep their digital assets at a stable price.
Cons
- None
