WHAT IS BINANCE USD?
The stablecoin USD-backed Binance (BUSD) has received approval from the New York regulatory body, the New York State Department of Financial Services (NYDFS). The dollar-backed stablecoin is pegged directly to the regular dollar on a 1: 1 basis and offers users the possibility to digitize their money.
ABOUT THIS STABLECOIN
Binance has been serving hard recently to make sure it is up to date with regulators worldwide and has achieved an enormous victory. New York has placed itself as a difficult place for the cryptocurrency business to penetrate, with the notorious BitLicense pushing many companies out of state.
Additionally, Binance has been working to increase its influence in the West with Binance.US growing steadily since its launch. The green light for its US-backed New York stablecoin will be another trophy for the dominant global cryptocurrency exchange.
Binance and Binance.US have been actively seeking to gain a foothold in the United States market. Since the launch of Binance.US and the BUSD stablecoin, things have moved quickly in the West.
MULTIPLICITY OF ACCEPTED CURRENCIES
The exchange's US branch started accepting Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), and Tether (USDT) but has rapidly expanded to accept other currencies like Cardano. (ADA). ), Basic Attention Token (BAT), Ethereum Classic (ETC), Stellar (XLM), and 0x (ZRX), among others.
You can buy and claim with zero commissions, which add another great advantage to choosing it.
Binance does not charge a commission for the purchase and claim of Binance USD (BUSD). However, your bank may charge a transfer fee. You can also make global transfers quickly and at a lower cost. Binance USD is ERC-20 and BEP-2 compliant so that you can transfer your dollars anywhere in minutes, cheaply, and on the blockchain.
ABOUT FLEXIBLE SAVINGS AND LOCKED SAVINGS
The service of Flexible Savings is your Crypto preservations record. Support your crypto to earn interest, with the flexibility to recover your funds at any time.
If you are committed to holding your crypto, now you can earn interest at the same time! Subscribe your crypto to locked savings periods for higher interest earnings.