Binance Will List Its Binance USD (BUSD) Stablecoin Next Monday
[ChainDD report] September 16 (ChainDD) On the Coindesk’s Invest: Asia Conference, Binance’s partnership with Paxos Trust is finally going to pay off due to the launch of the USD-backed stablecoin BUSD which is now expected to be listed on the Binance platform next Monday(16th September). Moreover, there will be more BUSD exchange pair listed on the Binance platform.
As mentioned in ChainDD APP Flash Report last Thursday, he Paxos Trust Company obtained additional regulatory approval from the New York Department of Financial Services (NYDFS) to issue BUSD. The exchange pairs listed on the Binance platform include BUSD/BTC, BUSD/BNB, and BUSD/XRP. Paxos will be the custody and issuer and responsible for the audit of the platform.