BUSD coin is a stable coin issued on the basis of block chain technology and anchored 1:1 with US dollar. As a stable coin, each BUSD coin circulating in the market has a corresponding asset of us $1 deposited in the bank. According to the iron law of "total endorsed assets >= total issuance of BUSD coins", Use an independent third-party accounting firm to audit the assets and regularly disclose the audit results. BUSD currency is also the first to have their own independent client APP, the stability of the currency support qr code scanning code payment, collection, transfer, and other functions, satisfy the customer to pay, be born consumption, online shopping mall, offline consumption, cross-border payments, all kinds of major industry chain block application requirements such as medium, is driven by chain blocks, a new type of payment.

In order to avoid the uncontrollable risks of USDT, stablesoin projects in the industry are in a state of bloom. As an important channel for gold access, stablesoin has firmly occupied market share based on market demand since its birth. It supports qr code scanning payment, collection, transfer and other functions to meet customers' application demands for payment and receipt, on-site merchant consumption, online shopping mall, offline industrial consumption, cross-border payment, and various blockchain transaction media. It is a new payment method driven by block chain. Users can use BUSD in services such as trading platforms, crypto asset wallets, decentralized finance (DeFi) protocols, payments and fiat channels. What is more important is to find the real commercial value of stable currency itself, which is yet to be explored.

At present, the stable currency used in the role of global payments in a significant boost, scene in daily consumption is rapidly expanding, BUSD achieves good performance in terms of trading platform, use cases, provides a good liquidity and friendly interchange fees, loan interest rate and the cross margin deposits interest rates, contracts, etc., the demand of the market is very huge.

BUSD is a mechanism that uses smart contracts and uses committee voting to ensure that we have a 100% reserve ratio, which means that we lock our assets in custodian banks and make BUSD demonstrable and enforceable 1:1 tied to us dollar assets, which is a huge advantage. All of the systems are directly connected to the payment system, so in the current system, we let users, we let consumers directly use our payment system, we have systems that let merchants and users directly pay.

All systems are directly connected to the payment system. In the current system, we let users and consumers directly use the payment system to meet the application needs of payment and receipt, consumption of store-based merchants, online shopping mall, consumption of major offline industries, cross-border payment, various blockchain transaction media and so on

In addition to the stable market and other basic characteristics of the stabocoin, BUSD also has a great advantage in its ecology. The stabocoin of Binance can easily match the business of Binance, such as transaction commission, leveraged lending, contract margin, etc. BUSD can cross the board whenever USDT is used in binance.

BUSD coin is a 1:1 anchor stablecoin based on blockchain technology. It is issued by Binance USD, with a total supply of 8,011,285 BUSD. As a stable currency, every BUSD coin circulating in the market has a corresponding asset of usd 1 deposited in the bank. According to the iron law of "total endorsed assets >= total issuance of BUSD coins", an independent third-party accounting firm is used to audit the assets and regularly disclose the audit results.

BUSD has achieved good performance in trading platform use cases, providing good liquidity and friendly trading rates, lending and top-up rates, contract cross margin, and more. BUSD is binance's own stable coin, which can easily match the business of Binance, such as transaction commission, leverage lending, contract margin, etc. BUSD can cross the board whenever USDT is used in Binance.

The main competitors are the leading USDT, and other stablecoin USDC and so on

BUSD has become one of the fastest growing stablecoins. BUSD is a customized product for binant's customers. BUSD's comprehensive strength is still very strong, backed by Binance and Paxos. It has a strong compliance advantage and exceeds USDT in terms of credit qualification. However, the market ecology is still in the development stage, and the market share and circulation are still relatively ordinary.

BUSD relies on binance Exchange, which has a broad market prospect and deserves attention.

The first value of BSUD is that most stabocoins have systemic risks that have not yet been addressed, and it is not clear how the system protects assets in these systems. These assets are not really the assets of the company, but the assets of the users. In other words, when a user buys a stable currency with fiat money, say dollars or yen, and these companies are actually holding these assets, do these companies have any enforceable mechanism to prove to the user that they are really protecting the user's assets and not diverting those assets to another use? This is a very, very important question. But as far as I know, most, or I should say, almost all stablecoins, don't solve this problem, and it's a very difficult problem. And the way the traditional banking system deals with this problem is something called the reserve ratio. When banks receive deposits from customers, they keep 10% of the deposits as reserves and invest the other 90%, such as buying Treasury bonds or making loans. Now these investment projects are potentially risky. If stabocoin companies or operators do not specify how they are going to handle these assets, then there is the potential for systemic errors or risks. Like in 2008, Lehman Brothers failed because they made the wrong bet on the housing market. The main advantage of BUSD is that we use a smart contract mechanism and a committee voting mechanism to ensure that we have a 100% reserve ratio, which means that we lock our assets in a custodian bank and make BUSD verifiable and enforceable 1:1 tied to us dollar assets, which is a huge advantage. The second value of BUSD is that all of BSUD's systems are directly connected to the payment system. We let users, we let consumers directly use our payment system, we have systems that let merchants and users directly pay, and most stablecoins, they don't solve this problem. But BUSD, you can connect a BUSD digital wallet to a bank account. It also shows that in many countries, we have permits, so we can do this. So, assuming the user holds a BUSD digital wallet, they can open a bank account, which can then issue a card, mastercard, or debit or credit card. It can be used on some merchants' POS machines, or in vending machines, users can even scan barcodes to make payments. For now, businesses will still only accept fiat money, for example, in dollars. In fact, regardless of the conversion between BUSD and fiat currency scenarios, this series is a conversion to the US dollar payment scenario, which we did through our certified local dealers. Also through the scene transfer, users and businesses can easily adapt to the BUSD system. On the front end of the BUSD digital wallet, though, everything looks very familiar to the user, just as it always does with a credit card. But on the back end, BSUD uses blockchain to circumvent the SWIFT system, making the entire payment process, especially cross-border payments, very efficient, low-cost, and more secure.

The whole 2020 and 2021BUSD achieved good performance in terms of trading platform use cases, providing good liquidity and friendly trading rates, lending rates and top-up rates, contract cross margin, etc. But we want to expand BUSD even further. This time, we explored a number of use cases outside of the trading platform to drive adoption of BUSD. One notable example is BUSD's foray into decentralized finance (DeFi). BUSD added $2 million in liquidity to Uniswap through BUSD/USDT and BUSD/USDC trading pairs for the decentralized Trading Platform (DEX) protocol. Meanwhile, trading platform Liquidity pool Curve. Finance has added BUSD to its stablecoin trading platform. Curve. Finance and Forever. Finance have also established their own BUSD stabocoin pools. Stablesoins play an important role in DeFi because they are commonly used for margin assets or loan assets. BUSD creates the following advantages for the DeFi protocol: ● BUSD is a stabilitoin that is regulated compliant and subject to regular audits, and thus has higher stability. ● BUSD has a strong user base, with more than 150,000 holders on binan platform. BUSD has an extensive fiat currency conversion channel support network. BUSD can be easily purchased and traded through fiat currency on binan platform. ● Quick purchase and redemption between BUSD and US dollar, even large transactions can be realized. ● BUSD has very good liquidity, with more than 90 trading pairs on binan platform. There are already a number of DeFi services that support BUSD, and such advantages make BUSD an opportunity.