It is also one of the few stable cryptocurrencies that provide monthly audited reports of its reserves. This allows users to independently verify the consistency of BUSD’s supply and the USD reserves at specific periods.
Can cryptocurrency help raise funds and support humanitarian aid?
The move demonstrated how cryptocurrency can play a key role in raising funds and supporting humanitarian aid. Loading... The live BUSD price today is $1.00 USD with a 24-hour trading volume of $37,875,565 USD. We update our BUSD to USD price in real-time. BUSD is down 0.02% in the last 24 hours.
Are fiat-backed Cryptos more centralized than stablecoins?
However, linking crypto to a federal currency makes fiat-backed cryptos a target for governmental regulation and overall more centralized – a certain trade-off when compared with algorithmic stablecoins, the most decentralized option. There’s also the issue of what exactly is backing each currency.
