In a comment to CoinDesk, Cardano Foundation CEO Frederik Gregaard. Today, with more than 3 million active holders and 18 billion coins in circulation, BUSD is accepted as payment by a variety of businesses and individuals globally. Crypto Prices CoinDesk Market Index CoinDesk Market Index. Because of this, BUSD is considered one of the safest among the top stablecoin in existence.īUSD is used as a means of payment that can be sent internationally and verified on the public blockchain ledger within seconds. This very strict accounting and reconciliation process necessitates a monthly audit in order to verify the safety of investors’ funds, as well as other security measures put in place by the New York Department of Financial Services (NYDFS) and other regulatory agencies.Īdditionally, BUSD is one of the only existing fiat-backed stablecoins with records that verify the security of its physical reserves. has positioned the one-time Abu Dhabi regulator as the most likely.
The partnership entails Paxos holding the equivalent of fiat USD in reserve for every BUSD stablecoin in circulation. The appointment of Richard Teng to oversee Binance’s regional markets outside the U.S. This represents a 0.04 price increase in the last 24 hours and a 0. Binance USD (BUSD) is a stablecoin , so its value is pegged to a fiat currency - in this case, the US dollar.īUSD was launched in September 2019 as part of a joint partnership between Binance and blockchain and finance company Paxos, headquartered in New York. The price of Binance USD (BUSD) is 1.00 today with a 24-hour trading volume of 398,340,834.
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