Binance supports several stablecoins, including ¹ ²:
- *Binance $USD $BUSD: A fiat-collateralized stablecoin pegged 1:1 with the US dollar, issued in partnership with Paxos. Although new BUSD minting has stopped, Binance will continue to support its sale.
- *Tether (#USDT)*: A popular stablecoin widely used in trading pairs on Binance, pegged to the US dollar.
- *USD Coin (USDC)*: A transparent and regulated stablecoin also pegged 1:1 with the US dollar, available for trading on Binance.
*Key Features of Binance Stablecoins:*
- *Regulatory Compliance*: Binance stablecoins, like BUSD, are developed in partnership with regulated entities to ensure compliance with strict standards.
- *Transparency*: Regular audits and attestations provide users with confidence in the stability of these coins.
- *Integration with Binance Ecosystem*: Seamless integration into the Binance platform allows users to easily trade, invest, and utilize stablecoins across various services and products.
*Benefits of Using Binance Stablecoins:*
- *Stability and Security*: Provides a reliable shelter from cryptocurrency volatility, with robust security measures to protect users' assets.
- *Ease of Use in Transactions*: Enables quick transfers, lower fees, and global reach, making it ideal for everyday transactions.
- *Access to DeFi*: Allows users to participate in DeFi applications, such as lending, borrowing, and yield farming, within the Binance ecosystem.