BSC-USD [Binance-Peg BSC-USD] Token
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Tether is the most popular stable coin and even acts as a dollar replacement on many popular exchanges! According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Like other cryptos it uses blockchain. Unlike other cryptos, it is [according to the official Tether site] “100% backed by USD” (USD is held in reserve). The primary use of Tether is that it offers some stability to the otherwise volatile crypto space and offers liquidity to exchanges who can’t deal in dollars and with banks (for example to the sometimes controversial but leading exchange <a href="https://www.coingecko.com/en/exchanges/bitfinex">Bitfinex</a>).
The digital coins are issued by a company called Tether Limited that is governed by the laws of the British Virgin Islands, according to the legal part of its website. It is incorporated in Hong Kong. It has emerged that Jan Ludovicus van der Velde is the CEO of cryptocurrency exchange Bitfinex, which has been accused of being involved in the price manipulation of bitcoin, as well as tether. Many people trading on exchanges, including Bitfinex, will use tether to buy other cryptocurrencies like bitcoin. Tether Limited argues that using this method to buy virtual currencies allows users to move fiat in and out of an exchange more quickly and cheaply. Also, exchanges typically have rocky relationships with banks, and using Tether is a way to circumvent that.
Understanding BUSD and Binance-Peg BUSD
BUSD is a stablecoin pegged to the US Dollar (USD) and issued by Paxos with branding support from Binance. It is approved by the New York Department of Financial Services (NYDFS), a regulator known throughout the finance industry for applying exceptionally rigorous standards to the entities and products it oversees. The asset is always available for purchase and redemption at a rate of 1 BUSD to 1 USD.
BUSD is designed with three key areas in mind: high-quality reserves, audits, and regulation. Well-designed stablecoins should only be backed by cash and short-term US Treasuries with a maturity of fewer than 90 days. To ensure maximum transparency, monthly reserve attestation reports & monthly holding reports are provided, allowing anyone to verify that BUSD is 100% backed by cash or cash equivalents.
In accordance with strict custody regulations enforced by the New York state regulators, Paxos’ BUSD reserves are only held in FDIC-insured, bankruptcy-remote bank accounts or US Treasury instruments.
Customer assets are thus protected from bankruptcy and kept separate from corporate funds. As the assets are fully segregated, users do not need to worry about the issuer becoming insolvent — the assets will return to their rightful owners even in that unlikely event.
Along with Paxos issuing BUSD on the Ethereum blockchain, Binance offers a wrapped BUSD token, called Binance-Peg BUSD, that runs on several other blockchain networks, including BNB Chain, Avalanche, and Polygon.
How does Binance-Peg BUSD work on multiple chains?
BUSD is natively issued on Ethereum, thus limiting its usage outside of the Ethereum ecosystem. In order to extend BUSD’s utility to other blockchains, Binance offers a wrapped version of the stablecoin, Binance-Peg BUSD, which is designed to track the value of the original, ERC-20 BUSD at a 1:1 ratio. “Wrapping” tokens is blockchain lingo for creating versions of the original asset that are transportable to other chains for the sake of increasing interoperability and the interconnectedness of the digital asset space. Normally, the value of wrapped tokens is secured by locking the collateral of the original asset, which is the case with Binance-Peg BUSD.
There is $23.4 billion worth of BUSD in circulation as of November 15, 2022, according to Etherscan , including 5.3 billion BUSD locked on the Ethereum network . At the same time, roughly 5.3 billion Binance-Peg BUSD is issued on different networks, including 4.85 billion on BNB Chain, 9.5 million on Avalanche, and 4 million on Polygon. That the amount of the native, ERC-20-based BUSD locked on Ethereum is close to the amount of Binance-Peg BUSD in circulation is not a coincidence. As the below section explains in more detail, to create a wrapped BUSD token, Binance must first lock a regular BUSD on its native blockchain. Anyone can visit the proof of assets webpage for an on-chain check.
How to ensure Binance-Peg BUSD is fully backed by reserves?
How can users be sure that the value of Binance-Peg BUSD tokens is equally protected? That’s simple: each Binance-Peg BUSD token that Binance mints correspond to a BUSD token held in reserve by its issuer – Paxos. BUSD (ERC-20) and Binance-Peg BUSD holders can swap their tokens between the blockchains freely. In sum, each Binance-Peg BUSD token represents the value of a native BUSD custodied outside of Binance, meaning that its value is secured by the same robust protection mechanisms that make BUSD one of the most reliable stablecoins on the market.
Disclaimer: BUSD is issued on Ethereum by Paxos and regulated by the NYDFS. Binance provides the pegged token service to lock BUSD on Ethereum and issues an equivalent amount of Binance-Peg BUSD on other networks. Check out the proof of assets (Proof of Collateral for B-Tokens) for more details. Please note that Binance-Peg BUSD is a Binance product. It is not issued by Paxos nor regulated yet by the NYDFS.
Binance peg bsc usd что такое
Пошаговая инструкция как получить 1000 монет WAN и конвертировать их в 200 USDT на Binance
Binance PEG — это токены, выпущенные на блокчейне Binance Smart Chain (BSC), которые представляют цифровые версии фиатных валют. Сокращение «PEG» означает «пегированный» (pegged) и указывает на то, что эти токены имеют фиксированную привязку к цене определенной фиатной валюты.
Binance PEG токены создаются компанией Binance, крупной криптовалютной платформой, и предназначены для обеспечения устойчивого стабильного стоимости, соответствующей фиатной валюте. Например, Binance PEG USD (BUSD) представляет собой токен, привязанный к американскому доллару, а Binance PEG EUR (BEUR) — к евро.
Цель Binance PEG токенов заключается в предоставлении удобного и быстрого способа использования фиатной валюты в экосистеме Binance Smart Chain и связанных с ней проектах. Они позволяют пользователям BSC обменивать и хранить цифровые версии фиатных валют, а также использовать их для торговли, децентрализованных финансовых операций и других смарт-контрактных приложений на платформе.
При использовании Binance PEG токенов важно учитывать, что их эмиссия и обмен могут быть контролируемыми и регулируемыми компанией Binance. Также следует обратить внимание на факторы безопасности и выбирать надежные и проверенные платформы для хранения и обмена Binance PEG токенами.
Важно отметить, что информация о Binance PEG токенах может меняться со временем, поэтому рекомендуется обращаться к официальным источникам и ознакамливаться с последней информацией и новостями от Binance и Binance Smart Chain, чтобы быть в курсе актуальной информации о Binance PEG.
Binance-Peg BSC-USD (BSC-USD) on BSC
BSC-USD price today is $0 with a 24-hour trading volume of $0. BSC-USD price is up 0% in the last 24 hours. It has a circulating supply of 1,000,000,000,000,000 BSC-USD coins and a total supply of 1,000,000,000,000,000 BSC-USD. If you are looking to buy or sell BSC-USD, PancakeSwap (v2) is currently the most active exchange.
What is Binance Smart Chain?
Binance-Peg BSC-USD is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency BSC-USD, to facilitate programmable payments and open financial infrastructure development. As of December 2020, the network has transacted an estimated $299 billion for over 2 million users.
Binance-Peg BSC-USD (BSC-USD) Chart
Holders of Binance-Peg BSC-USD (BSC-USD) Coin
A total of 19 token holder BSC-USD
| Address | Tokens amount | Percent | |
|---|---|---|---|
| 1 | 0x55d398326f99059ff775485246999027b3197955 | 760,000,000,000,000 BSC-USD | 76.00% |
| 2 | 0xf7a49c583e49ff1f7244d459fc756a9ab7961313 | 221,958,395,425,031 BSC-USD | 22.20% |
| 3 | 0xf675b812ec96f1b4263d7a0688ab5bf3d04e61cf | 14,542,275,439,158 BSC-USD | 1.45% |
| 4 | 0x6d96254e563907d0b73a5cbaadeea761a20cd8cb | 1,237,831,091,396 BSC-USD | 0.12% |
| 5 | 0x6cab28fa70fb940ab102af6b159c55b542107521 | 1,210,800,228,609 BSC-USD | 0.12% |
| 6 | 0xfd0af3427444d557bf8a9bec1174e07497d0e1ba | 498,973,941,097 BSC-USD | 0.05% |
| 7 | 0xc45ef0686f7073c573d75b5f1c1222e5c77edbba | 240,615,269,200 BSC-USD | 0.02% |
| 8 | 0x06648f316abf7f4cb9581fbad2f1d254837b58ad | 240,581,222,090 BSC-USD | 0.02% |
| 9 | 0x63c761718e0faf995863505cb3b27a119ab481f5 | 240,092,891,056 BSC-USD | 0.02% |
| 10 | 0xb2c5c5799f8d412b7ad6e9151ce283ce065c20fa | 172,678,000,000 BSC-USD | 0.02% |
| 11 | 0xbbf23259fb8588d24d0c2db58afe8c4a7409898d | 146,033,202,216 BSC-USD | 0.01% |
| 12 | 0x84dd55128181104b063c4138fc62ee116aadf4ac | 28,696,507,295 BSC-USD | 0.00% |
| 13 | 0x9f9f5ca9662d85ab36a0d9a1db6b5bf99c2bfa87 | 5,054,358,465 BSC-USD | 0.00% |
| 14 | 0x2e37cef719eb2cf5e32bca9f108af419ec2898c5 | 335,468,539 BSC-USD | 0.00% |
| 15 | 0xdb3ddb399fcaa4a24af2d15cbedf4f439bb14776 | 315,407,454 BSC-USD | 0.00% |
| 16 | 0xf56afcf80b7cdb817c741f69b0663b643dc6cbdf | 112,800,000 BSC-USD | 0.00% |
| 17 | 0x131dcee513df3d6351add442327e750a602cd5e9 | 47,501,670 BSC-USD | 0.00% |
| 18 | 0xc62ee425e65a76aad6cd669dc30faffdb2cbeeca | 15,286,029 BSC-USD | 0.00% |
| 19 | 0xb2ca230efe88cb54e9e4f8a792754f7484f12c64 | 4,439,978 BSC-USD | 0.00% |
| 20 | 0xd25a0a51d55a91dab1346023ef0b05bb9b0ecbea | 4,310,841 BSC-USD | 0.00% |
| 21 | 0xa40dabbccdf4e3da3bdbc6a4ab6f78b0b468831e | 1,355,153 BSC-USD | 0.00% |
| 22 | 0xbff54747d86cc06acdab692b914807613619672d | 1,066,190 BSC-USD | 0.00% |
| 23 | 0xa7207498e91f05c140e2cee038c2a537c5f78302 | 975,703 BSC-USD | 0.00% |
| 24 | 0x3e4ec6fdb7cdcad21f993c65e4f8278e577fb234 | 529,103 BSC-USD | 0.00% |
| 25 | 0x417abdc82ad29bcdc47f9f127a2c3de0a2e55aeb | 33,772 BSC-USD | 0.00% |
| 26 | 0xb823ce0aee4db1b5e74be725f98b1c2b2ec1a1df | 940 BSC-USD | 0.00% |
| 27 | 0x3b96af67008d4c68b8f673923e6c5beff4fd1384 | 432 BSC-USD | 0.00% |
Binance-Peg BSC-USD (BSC-USD)Trading History
Binance-Peg BSC-USD (BSC-USD)Coin listings at exchanges
| Exchange | Last price | Listing date |
|---|---|---|
 PancakeSwap (v2) |
— | Nov-04-2021 11:03 GMT |
 Mdex |
— | Nov-04-2021 11:03 GMT |
 BSCswap |
— | Nov-04-2021 11:03 GMT |
 Anyswap |
— | Nov-04-2021 11:03 GMT |
 BSCStation Swap |
— | Nov-04-2021 11:03 GMT |
 CheeseSwap |
— | Nov-04-2021 11:03 GMT |
 O3swap |
— | Nov-04-2021 11:03 GMT |
 Bscex |
— | Nov-04-2021 11:03 GMT |
 Autofarm |
— | Nov-04-2021 11:03 GMT |
 ApeSwap |
— | Nov-04-2021 11:03 GMT |
 BakerySwap |
— | Nov-04-2021 11:03 GMT |
 Biswap |
— | Nov-04-2021 11:03 GMT |
 1inch Network on BSC |
— | Nov-04-2021 11:03 GMT |
 ParaSwap BSC |
— | Nov-04-2021 11:03 GMT |
| Pionex | — | Nov-04-2021 11:03 GMT |
Wallet support Binance-Peg BSC-USD (BSC-USD) BEP-20
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Binance-Peg BSC-USD Cost
Would like to know the latest Binance-Peg BSC-USD price? Here is it as well as other useful data about this kind of cryptocurrency. At TheBitTimes.Com, we collect and provide any valuable content on it such as 1 BSC-USD to USD so that you could make a favorable investment and have a positive result.
All Data You May Need about Binance-Peg BSC-USD Perspectives and Cost
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What is the price of Binance-Peg BSC-USD (BSC-USD) today?
One Binance-Peg BSC-USD (BSC-USD) coin can currently be purchased for approximately $0.0285944.
How do I buy Binance-Peg BSC-USD (BSC-USD)?
The best way to purchase Binance-Peg BSC-USD (BSC-USD) is using the Swap, for example, on PancakeSwap (v2), Mdex, BSCswap, Anyswap, BSCStation Swap, CheeseSwap, O3swap, Bscex, Autofarm, ApeSwap, BakerySwap, Biswap, 1inch Network on BSC, ParaSwap BSC, Pionex.
What is Binance-Peg BSC-USD (BSC-USD) smart contract address?
Binance-Peg BSC-USD (BSC-USD) official smart contract address is 0xac3F3EC6e61B851F054d9c141f9771e1039ad1fa.
What is the Binance-Peg BSC-USD (BSC-USD) Market Cap today?
Binance-Peg BSC-USD (BSC-USD) Market Cap is $ N/A today.
What’s the last 24h Binance-Peg BSC-USD (BSC-USD) trading volume?
Trading volume of Binance-Peg BSC-USD (BSC-USD) in the last 24h was $ N/A , which is approximately 0.00% of its current market cap.
How much money is in Binance-Peg BSC-USD (BSC-USD) Liquidity Pool?
There is $ N/A in (N/A) Binance-Peg BSC-USD (BSC-USD) liquidity pools.
How many people are holding Binance-Peg BSC-USD (BSC-USD)?
There are 27 holders of Binance-Peg BSC-USD (BSC-USD), which includes 2 large holders (wallets with more than 12M BSC-USD)
Disclaimer: Investors should take the time to research any given product before they invest their funds.