What Is Binance USD (BUSD)?

Binance USD (BUSD) is a stablecoin backed 1:1 by the US dollar. It was created by Binance, a prominent cryptocurrency exchange, in conjunction with Paxos. BUSD is a fiat-backed stablecoin jointly launched by Binance and Paxos.  US dollars kept in reserve are used to back up each BUSD token 1:1. BUSD intends to offer a…

What Is Celo US Dollar (CUSD)?

cUSD (Celo Dollars) is a stable asset in the Celo Ecosystem that is pegged to and mirrors the US Dollar. The stablecoin Celo Dollar (cUSD) aims to reflect the value of the traditional currency US Dollar. Celo Dollars (cUSD) supports daily digital currency usage using mobile phones. The token aims to incentivize the users for…