Review on Binance USD by Gabriel Medina

Name: Binance USD
Item: Binance USD
Rating: 5

October 07, 2020

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 savings.
It will protect you from market variations: Acquiring a stable currency will give you peace of mind.
More options for use: You can make purchases in many places you want.
Institutional Support: Each BUSD you have corresponds to US $ 1 in the bank account to ensure that you can always buy and claim your asset at any time with US dollars linked 1: 1.

The BUSD was made with the objective of improving the decentralized financial ecosystem through the use of a frictionless global network in order to allow more flexibility, accessibility and speed to the transactions of digital assets.
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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