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Binance USD


Stablecoins
What are the best Binance USD alternatives?

We have 3 alternatives to Binance USD. The best Binance USD alternatives are USDC, Tether, and Dai.


What is Binance USD?

Stablecoins have been the key factor behind the boom in the cryptocurrency market in recent years. Binance USD, or BUSD, is the stable coin developed by Binance and Paxos pegged at a 1:1 ratio to the U.S. dollar. BSUD was a project that was born to help make transactions in decentralized finance ecosystems "Defi" easier, even for the inexperienced. Binance USD is one of the few stablecoins that have been approved by the NYDFS, which allows it to be traded on any electronic platform in the United States.

Since its launch, Binance USD has been an ERC-20 token that also supports BEP -2, this makes it an easily accessible token anywhere because, being an ERC -20 token, it works with many blockchains such as Ethereum, Binance Smart Chain, and Binance Chain and is available on many platforms, not just Binance's platform. In addition, BUSD is backed by multiple Paxos reserves, and by offering very low fees, it is the most widely used stable coin in the world.


What platforms does Binance USD run on?

Binance USD runs on Web.



Tags
stablecoin usd stablecoin

Links
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Screenshot of Binance USD.

Binance USD alternatives

1. USDC

USDC logo
  • Category: Stablecoins
  • Platforms: Web
  • Tags: stablecoinusd stablecoin
An image of USDC.

USD Coin, or USDC, is the second most popular stablecoin of all behind Tether, and the fourth largest crypto of all by market cap at this time. USDC is a fully backed stablecoin, designed to always be pegged one to one with the US dollar, and used to hold value...

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2. Tether

Tether logo
  • Category: Stablecoins
  • Platforms: Web
  • Tags: stablecoinusd stablecoin
An image of Tether.

Tether was founded in 2014 as Mastercoin, and went into use in 2015. Tether is a stablecoin, which is always pegged one to one with the US dollar, and is used as a "safe haven" or a place to store funds prior to trading. Tether is by far the most...

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3. Dai

Dai logo
  • Category: Stablecoins
  • Platforms: Web
  • Tags: stablecoinusd stablecoin
An image of Dai.

Dai is a stablecoin, designed to stay pegged to the US Dollar. Dai was created in 2014 and launched on the Eth mainnet in late 2017. Dai was created as an over-collateralized algo stablecoin based on MakerDAO smart contracts, where depositors put up 150 dollars in collateral for every 100...

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