Binance USD (BUSD) is is backed by a dollar reserve in Paxos a | forsage_official

Binance USD (BUSD) is is backed by a dollar reserve in Paxos accounts, which is audited monthly in accordance with New York State regulations.

The audit for March 2021 can be found here. April report is coming soon.

BUSD Features

Fast transactions with minimal fees
Issue in 2 blockchains: ETH and BSC
Exchange of BUSD for cryptocurrency and fiat on exchanges, including DEX
Using BUSD as accumulative dollar capital

For example, now the annual interest rate is 5.05% - 6.31% on Binance Saving, depending on the type of savings account.

Instant conversion of other stablecoins to BUSD with zero commission on a separate Binance platform
Participation in Binance Launchpool
You can add BUSD to the liquidity pool on BSwap, where you can earn about 10-15% APY

The magic of compound interest: profit in FORSAGE smart contract sending profit to the pool for receiving interest additional profit.

Using BUSD in DeFi staking on Binance (yield: 10-30% per annum)
Use for borrowing funds on the Binance Margin Trading platform and collateral on Binance Futures

BUSD is a relatively young stablecoin, which is not yet 2 years old, but the possibilities of using it are really impressive.

More news, guides, and instructions can be found on our YouTube channel.

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