BUSD stablecoin is open for deposits and withdrawals on Justin Sun’s TRON Network.
Binance BUSD Peg Opens on TRON
Binance has confirmed the completion of its BUSD to the TRON Network. The Binance pegged US stablecoin is now open for deposits and withdrawals.
The latest development, according to the December 30 blog post from Binance, will allow users to transfer Paxos-issued BUSD and Binance-Peg BUSD between Ethereum, BNB Chain, Avalanche, Polygon, and TRON networks.
The Binance pegged BUSD is a wrapped version of the Ethereum-based version issued by PAXOS. The Binance-Peg version of BUSD is independently minted on BNB Chain, Ethereum, Avalanche, and Polygon, and is fully backed 1-1 by Binance.
What is Binance:
Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.
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