Binance, one of the largest centralized exchanges known, has completed the integration of its own product, Binance-Peg BUSD, into the TRON network.
About Integration
With the integration, Binance BUSD will be able to perform deposits and withdrawals on the TRON network. Previously, users could make BUSD and Binance-Peg BUSD transactions via Ethereum, BNB chain, Avalanche and Polygon.
About Peg BUSD
BUSD is a fiat-backed stablecoin pegged to the US dollar issued by Paxos on the Ethereum blockchain. BUSD is also supervised by the New York State Department of Financial Services. Binance-Peg BUSD, on the other hand, is a separate product produced by Binance itself. Since BUSD is on the Ethereum blockchain, its use outside the Ethereum ecosystem is limited. For this reason, Binance offers Binance-Peg BUSD, which is a wrapped version of BUSD. With the new integration, Binance-Peg BUSD can be used over Ethereum, BNB Chain, Avalanche, Polygon and TRON networks. The integration also includes BUSD.
About TRON
TRON is a public blockchain founded by Justin Sun in 2017, aiming to be a decentralized internet infrastructure. The TRON mainnet was launched in 2018 and works with a Delegated Proof-of-Stake mechanism. Since its launch, TRON has reached more than 129 million users and successfully completed more than 4.4 billion transactions. The currency of the TRON mainnet is TRX.
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