custom nameplate jewelry wholesale What currency is busd

wholesale italian jewelry The BUSD currency is a 1: 1 anchor -made stablecoin issued based on blockchain technology. It is issued by the Binance Exchange. The full English name Binance USD has a total supply of 8,011,285 BUSD.
1. As a stablecoin, each BUSD coin circulating in the market has a corresponding 1 US dollar asset in the bank, with the "endorsement of the total amount of assets> = total issuance of BUSD" as the iron law. Using an independent third -party accounting firm to audit the assets and disclose the audit results regularly.
2, BUSD coins are also the first stablecoin to have its own independent client app, support QR code scanning code payment, receipt, transfer, etc. Application needs such as shopping, offline consumption, cross -border payment, and various blockchain trading media are a new type of payment method driven by blockchain.
3. At present, BUSD coins have reached a strategic cooperative relationship with overseas merchants, actively constructing and improving the existing ecosystem of stable coins. In the future Development direction.
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BUSD's development history:
1, BUSD has performed well in the use cases of trading platforms, providing good liquidity and friendly transaction rates, loan interest rates and recharge rates, contracts, contracts Cross security deposits, etc. But we want to further expand the application range of BUSD. This time, we have explored many use cases other than trading platforms, hoping to promote the popularization of BUSD. One of the examples worth mentioning is the field of decentralized finance (DEFI) to enter decentralized finance (DEFI).
2. Last month, BUSD increased the liquidity of $ 2 million by BUSD/USDT and BUSD/USDC transactions. At the same time, the trading platform liquidity pool Curve.finance was launched on its stablecoin trading platform. Curve.finance and Yearn.finance have also established their own BUSD stable coins.
3, stablecoin plays an important role in the field of DEFI, because they are usually used to margin assets or loan assets. BUSD creates the following advantages for the DEFI protocol:
1) BUSD is a stablecoin for regulatory compliance and receiving regular audits, so it has higher stability.
2) BUSD has a strong user base, and there are more than 150,000 holders on the Binance platform.
3) BUSD has a wide range of fiat currency conversion channel support networks. The BUSD can be easily purchased and traded through currencies such as fiat currency.