#what is busd

  1. #BUSD stands for Binance USD, which is a stablecoin cryptocurrency. It is pegged to the value of the US dollar, meaning that 1 BUSD is generally equivalent to 1 USD. BUSD is often used in the world of cryptocurrencies for trading and as a means of transferring value without the price volatility associated with other cryptocurrencies like Bitcoin or Ethereum. It's typically issued and backed by Binance, one of the world's largest cryptocurrency exchanges.#