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coinpedia
2023-02-15 11:53:10

Binance USD (BUSD) Stabilizes at $1 After CEO Clarifies Connection to Paxos-Issued Token

Binance USD (BUSD) Stabilizes at $1 After CEO Clarifies Connection to Paxos-Issued Token

The post Binance USD (BUSD) Stabilizes at $1 After CEO Clarifies Connection to Paxos-Issued Token appeared first on Coinpedia Fintech News The Binance USD (BUSD), the third-largest stablecoin by market cap, is returning to its intended $1 peg after Binance CEO Changpeng Zhao commented on the crypto exchange’s connection to the popular Paxos Trust Co.-issued token on Tuesday. BUSD is a stablecoin backed by short-term treasuries and cash-like assets. It rallied to $0.9997 in European morning …

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