Review on Binance USD by Maximiliano Aquino
Binance USD - BUSD
Binance USD or BUSD is a dollar-paired stablecoin which makes it much easier to transfer fiat USD currency anywhere and anytime using the low rates of blockchain transactions. It is another creation of Binance exchange, one of the biggest exchenges in the cryptographic medium, so what is this stablecoin behind? In terms of novelty, nothing, since we know that stablecoins bring less volatility (practically none, as they are backed by fiat) but we have behind the Binance USD or BUSD project precisely the Binance exchange, which makes it very pleasant for exchange users transferring and receiving in fiat using a stablecoin from the exchange itself, a good alternative, I am one who is interested in being a user of the exchange for a long time, of course that stable is not just the privilege of those who are users or do business at Binance, because it is already listed on several exchanges in addition, of course from Binance itself, and another advantage is that you can practically negotiate BUSD on any or all of the pairs within the Exchange Binance.
Updated 4 years ago
Rating has not been changed
An excellent dollar-stable stable coin option launched by Binance, through Binance USD, users may be using a currency paired with the dollar, thus making it more stable without the normal volatility existing in the crypto market. Binance USD is an additional option to trade assets in stable currency within the crypto market.
Pros
- a stable coin with the Binance Exchange brand, so there is a greater confidence in my opinion a positive point
- you can trade on virtually all existing pairs within the binance exchange
Cons
- there are many others with this same principle which makes the competition greater within the stable market
New products
Comments (1)
March 07, 2021
Binance USD is a very acceptable option for Binance to be dealing with a token that is paired with the dollar - fiat currency, so that everything is rolled out within the cryptographic chain itself.
