Where Binance USD is Accepted Locally and Globally

BUSD is a stablecoin issued and backed by one of the better-managed crypto platforms, Binance. As its name suggests, it’s pegged to the US Dollar. It’s really not meant to serve as a medium of exchange crypto, but a handful of businesses accept it.

Who accepts Binance USD

Where Binance USD (BUSD) is Accepted Locally and Globally — on MarketplaceGOLD

Should you buy Binance USD?

The main reason to buy BUSD would be to trade dollars for crypto on Binance exchange. It’s a bridge between the legacy financial system and the burgeoning cryptocurrency ecosystem.

BUSD - A Secure and Stable Cryptocurrency | Binance US

What you wouldn’t want to do is hold a lot of BUSD, as it’s pegged to the US Dollar and thus subject to inflation. Gold-backed crypto is a better bet is a more inflation-resistant option. As a regulated coin, with audited dollar-backing, it lends credibility to the whole Binance operation.

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About

REGULATED
Paxos and BUSD are approved and regulated by the New York State Department of Financial Services, ensuring the utmost of consumer protections.

BACKED BY DOLLARS
BUSD is 100% backed by U.S. dollars held in FDIC-insured U.S. banks.

AUDITED
A top auditing firm will attest to the matching supply of BUSD tokens and underlying U.S. dollars on a monthly basis.

From paxos.com

Highly regulated 1:1 USD-backed crypto stablecoin
These are digitised US Dollars and are always purchased and redeemed at 1 BUSD for 1 US dollar.

From Binance

Originally published on MarketplaceGOLD.com. I’m an independent researcher passionate about financial antifragility and economic philosophy, not a licensed financial adviser. This is not financial advice. Please practice skepticism and critical thinking.