Short Review about Binance USD (BUSD):
Binance USD (BUSD) was a stablecoin pegged 1:1 with the US dollar, issued by Binance in partnership with Paxos. It provided a reliable way to trade and hold value in crypto without the volatility of other coins. BUSD was widely used for trading, staking, and earning interest. However, as of 2024, Binance began phasing out support for BUSD due to regulatory issues. Users are now encouraged to convert BUSD to other stablecoins like FDUSD or USDT. Despite its shutdown, BUSD played a key role in stablecoin adoption during its time.
