Binance USD wallet

Binance USD (BUSD) - is a stablecoin pegged to the US dollar and has been approved by the New York State Department of Financial Services (NYDFS). BUSD will be available for direct buying and selling at the rate of 1 BUSD = 1 USD. BUSD token appeared on September 5, 2019. The dollar reserve of the cryptocurrency is held in vaults at regulated financial institution Paxos Trust Company, which has offices in the cities of New York and Singapore. Unlike the BNB cryptocurrency, the stablecoin is issued according to the ERC-20 standard. Stablecoin BUSD allows traders to save on Binance trading commissions and make good money on fluctuations in the rate of traditional cryptocurrencies. Moreover, for half of the pairs with BUSD, margin trading is supported.