A stablecoin on Binance is a type of cryptocurrency that is pegged to a stable asset, usually a fiat currency like the US Dollar (USD), to maintain a consistent value. These coins are designed to minimize price volatility, making them ideal for trading, saving, and transferring money on the Binance platform.
🔹 Common Stablecoins on Binance:
USDT (Tether)
Most popular stablecoin, widely used for trading and payments
BUSD (Binance USD)
Official Binance stablecoin (phasing out but still in circulation)
$USDC (USD Coin)
Issued by Circle, highly regulated and trusted
🔐 Key Features:
Stability: 1 USDT ≈ 1 USD (same for USDC, BUSD)
Liquidity: Easily traded for other crypto on Binance
Speed: Fast transfers with low fees (especially via blockchain networks like Tron or BNB Chain)
Security: Backed by real assets (cash, treasury bills)
🔄 Use Cases on Binance:
Earning interest through Binance Earn
Sending or receiving funds globally
Paying merchants or other users with less volatility