Review on Binance USD by Naomi Ilani
Keeping Your Digital Assets without Having A Fear Of Volatility
The Binance USD is a dollar backed stablecoin that also has the backing of one of the world's leading cryptocurrency exchange platform, Binance as obviously shown on the relativity if their names. The coin was issued as an ERC-20 token on the Ethereum blockchain making it to be easily stored in virtually all Wallets. It was originally created with the sole purpose of reducing Volatility.
The Binance USD became available on the Binance platform in September 2019. The centralized platform is a cryptocurrency u are not to worry about due to the fact that it is a stable coin, it also supports all ERC-20 and
Pros
- It's a stable coin
- Founded by a great cryptocurrency exchange platform
- Has protected users from the fear of rise and fall of the market value of cryptocurrencies (reduces volatility)
- The platform is licensed
- Secures funds
Cons
- I have nothing to sy
