Binance, one of the world’s largest cryptocurrency exchanges, officially released its own stablecoin, Binance USD (BUSD), on September 10. The new stablecoin is pegged to the U.S. dollar on a 1:1 basis. BUSD is the first stablecoin released by Binance and it is also the first stablecoin to be backed by fiat currency. The new […]
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