How does the US BUSD differ from other digital currencies?

3 answers

• Dec 25, 2021 · 3 years ago
  The US BUSD, also known as the Binance USD, is a stablecoin that is pegged to the US dollar. This means that the value of 1 BUSD is always equal to 1 USD. Other digital currencies, such as Bitcoin and Ethereum, are not stablecoins and their values can fluctuate greatly. The stability of BUSD makes it a popular choice for users who want to minimize the volatility of their investments.
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• Dec 25, 2021 · 3 years ago
  Unlike some other digital currencies, the US BUSD is fully regulated and compliant with US laws. This provides users with an added layer of security and trust, as they know that the BUSD is backed by real US dollars and subject to regulatory oversight. This regulatory compliance also makes it easier for BUSD to be used in traditional financial systems and for businesses to accept it as a form of payment.
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• Dec 25, 2021 · 3 years ago
  From my experience at BYDFi, I can tell you that the US BUSD offers a high level of liquidity and can be easily traded on the Binance exchange. This makes it convenient for users who want to quickly convert their BUSD into other cryptocurrencies or fiat currencies. Additionally, BUSD transactions on Binance are fast and low-cost, thanks to the efficient blockchain technology used by the exchange.
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