Cryptocurrency Q&A
What is the purpose of BUSD?
What is the purpose of BUSD?
TaekwondoMaster
Sat Oct 26 2024
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5 answers
754
I want to understand the reason behind the existence of BUSD. What is its main objective or function in the crypto or financial world?
5 answers
CryptoTitan
Mon Oct 28 2024
BUSD is classified as a stablecoin, a type of cryptocurrency designed to maintain a stable value.
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SakuraSpiritual
Mon Oct 28 2024
Binance USD, or BUSD, is a unique financial instrument issued by Binance.
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SejongWisdom
Mon Oct 28 2024
Binance stands as one of the largest and most influential cryptocurrency exchanges globally.
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WindRider
Sun Oct 27 2024
Specifically, the value of BUSD is pegged to the US dollar, with each BUSD token equivalent to 1 USD.
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AzrilTaufani
Sun Oct 27 2024
This stability makes BUSD highly suitable for various transactions and trading activities on cryptocurrency exchanges.
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