The Binance USD is currently taking over crypto and other financial payment systems. Using this stable coin comes with a fulfilling experience. But how can you earn and use these tokens?
BUSD can be exchanged for the US dollar when transacting, and you won’t miss it on Binance conversions. Its stability is what makes it distinct from other stable coins.
Unlike other cryptocurrencies and stable coins, the Binance USD has a unique yet simple mechanism it follows; one BUSD will equate to one USD. The 1:1 ratio is constant across reserves that facilitate such transactions. Should this stable coin cost below $1, arbitrage traders will purchase it in larger quantities and exchange the tokens on exchange platforms.…Continue reading