Binance, the world’s largest cryptocurrency exchange completed the integration of the Binance-Peg BUSD on the TRON Network last weekend.
🙌Deposits and withdrawals for Binance-Peg BUSD are now open on #TRON.
— TRON DAO (@trondao) December 30, 2022
The integration into the TRON blockchain allows users to deposit and do withdrawals of the Binance-Peg BUSD, at the same time users would be able to transfer the said stablecoin across Ethereum, BNB Chain, Avalanche, Polygon, and TRON blockchains.
Binance-Peg BUSD is a wrapped version of the BUSD.
What is BUSD?
The Binance-Peg BUSD is a wrapped version of the BUSD stablecoin and it is a separate product from the BUSD stablecoin that was issued by Paxos.
— Binance (@binance) December 30, 2022
As mentioned on their blog, Binance independently mints Binance-Peg BUSD on several blockchains and pegs the tokens to BUSD on a one-to-one basis.
Binance-Peg BUSD is available on several blockchains such as Ethereum, BNB Chain, Avalanche, Polygon, and TRON.
What is Binance?
Binance is the largest cryptocurrency exchange in the world and it was founded by Changpeng Zhao, also known as CZ who is a trading software developer and he had been leading the exchange since July 2017.
The exchange provides its users with over 500 cryptocurrencies for trading, a massive selection of transaction types and they are one of the cheapest crypto trading platforms available in the market.
Binance also provides options to traders when it comes to digital currency trading which is the basic and advanced views. The only difference between the two is that the advanced one offers a more in-depth technical analysis of digital currency value over time.
Binance has its very own Binance Coin (BNB) which is their native crypto coin that powers the Binance ecosystem that can be used to pay for goods and services, settle transaction fees on Binance Smart Chain, participate in exclusive token sales, and more.
Binance has a US-based exchange called Binance.US which was created to comply with the regulations within the United States and create a separate exchange for US customers.
For more news and updates, see Tron Spark.