Binance Adds Pegged BUSD Stablecoin to TRON Network: Details

Fri, 12/30/2022 - 13:32

Deposits and withdrawals for Binance-Peg BUSD are now open on TRON

Binance Adds Pegged BUSD Stablecoin to TRON Network: Details

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on

Google News

Top crypto exchange Binance has completed the integration of Binance-Peg BUSD on the TRON network. Deposits and withdrawals for Binance-Peg BUSD are now open on the TRON network.

📢@binance has completed the integration of Binance-Peg BUSD on the #TRON network.

🙌Deposits and withdrawals for Binance-Peg BUSD are now open on #TRON.

🤗Ringing in more #TRONICS support for @binance @BNBCHAIN! pic.twitter.com/Y6b42Ugotn
— TRON DAO (@trondao) December 30, 2022

Along with the BUSD issued by Paxos on the Ethereum blockchain, Binance-Peg BUSD (a wrapped version of BUSD offered by Binance) extends its supported blockchain networks to include TRON. This will allow users to now transfer BUSD and Binance-Peg BUSD across the TRON network.

Binance independently mints Binance-Peg BUSD on other blockchains, such as BNB Chain, Polygon and Avalanche, and pegs the tokens to BUSD on a one-to-one basis.

This allows holders of both tokens on the Binance platform to swap tokens between Ethereum and other blockchains. Binance-Peg BUSD is neither issued by Paxos nor regulated by NYDFS, while BUSD is a regulated, fiat-backed stablecoin pegged to the U.S. dollar.

Ads

Aside from the TRON network, Binance-Peg BUSD is also available on the BNB Chain, Ethereum, Avalanche and Polygon networks.

TRON's total account exceeds 132 million

According to the TRONScan Twitter account, TRON's total accounts have reached 132,010,999, exceeding 132 million. The TRON ecosystem continues to grow as it makes efforts to decentralize the web.

🎉🎉🎉Congratulations!!! #TRON's total accounts have reached 132,010,999, exceeding 132 million!

🚀#TRON ecosystem has developed rapidly and continues to make efforts to decentralize the web.

🥰Appreciation to all #TRONICS! pic.twitter.com/7Pth4ZfIGw
— TRONSCAN (@TRONSCAN_ORG) December 29, 2022

In other news, TRON DAO has announced its membership in the Enterprise Ethereum Alliance (EEA). As an EEA member, TRON DAO will work with the EEA and its members, the Ethereum ecosystem's key business adopters, innovators and leaders, to accelerate the speed of Ethereum business breakthroughs and adoption.

#TRON News

About the author

Tomiwabold Olajide

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.