What stablecoins are not known for is generating lucrative returns because that’s not what they’re designed to do. Stablecoins are generally used for arbitrage opportunities or as cash holding in crypto. #BinanceSquare #trading
Binance USD (BUSD) is a stablecoin offered by the largest crypto exchange in the world Binance. BUSD is approved for use by the New York State Department of Financial Services (NYDFS).
Name: Binance USD
Ticker: BUSD
Price: $1
Market Cap: $17.88 Billion
1 BUSD is equal to 1 USD by design and investors may incur relatively low charges when buying or selling it. Binance USD is the 19th most valuable crypto in the world. #BinanceSquare #Busd