![]() ![]() BUSD aims to offer a more stable cryptocurrency option for traders and investors who want to avoid the volatility of the digital asset market. Each BUSD token represents one US dollar that is held in reserve. But what makes BUSD so special? How does it compare to other well-known stablecoins? And what are the prospects for its future growth or decline?īUSD is a stablecoin backed by fiat currency and issued by Binance and Paxos. ![]() It has attracted many users who value its stability and convenience. On the other hand, some stablecoins have proven to be resilient and reliable, and one of them is the Binance USD (BUSD).īUSD is a stablecoin that has risen to the top places among the cryptocurrencies in less than three years. In recent years, we have witnessed several stablecoins lose their peg and drop below their target value, resulting in huge losses for investors. However, not all stablecoins can keep their peg during periods of market stress, because they may not have enough reserves to support their value. dollar at a 1:1 ratio should always be worth $1. Stablecoins are a special kind of cryptocurrency that is backed by another asset or a basket of assets, such as fiat currency or gold, to keep their price stable.Ī stablecoin that is pegged to the U.S. To address this issue, the first stablecoin was created in 2014, to reduce the volatility of crypto assets. Many potential investors are hesitant to enter the crypto industry, due to the high uncertainty and risk involved. What is Binance USD? Cryptocurrencies are a type of asset that can fluctuate significantly in value, as demonstrated by the market’s repeated falls and rises.
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