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- Binance Exchange has now opened a platform for users who wish to invest their savings in Binance USD (BUSD) Stable Coin.
- Binance USD (BUSD) is the native token offered by the Binance exchange platform directly pegged from the United States Dollar (USD).
Binance Exchange has now opened a platform for users who wish to invest their savings in Binance USD (BUSD) Stable Coin and also opened for subscribing to the lending program where an individual investor can acclaim interest of up to 15% in a year. The Binance organization has facilitated this option, so the new investors who are aiming to invest in the crypto sphere.
Crypto being the investment of the decade, even for the users who have zero knowledge of investing in cryptocurrency and the drawback of volatility surrounding it. Binance USD is built to tackle all these with now the advantageous option of acclaiming 15% interest annually.
Binance USD (BUSD) is the native token offered by the Binance exchange platform directly pegged from the United States Dollar (USD). The market value of BUSD is less than a dollar trading at $0.99, with a market capitalization of $73,326,189 and a 24-hour trading volume of $65,747,356.
The circulating supply of BUSD stands at 73,480,817 BUSD with a return on investment (ROI) of -0.77%, which shows a negative trend, the average trade also stands in negative as the bears are holding the trade at -0.32% in average. It is ranked at #73 by CoinMarketCap metrics; it has shown a negative trend while closing the trade at -0.72% from yesterday.
Binance lending as two types where an individual lends their asset to Binance to earn 15% interest, Fixed lending, and Flexible Lending. Fixed lending is the one where an individual lends a BUSD asset to the Binance platform for a specific period of time to earn interest accordingly.
In this method, the user will not have the opting to gain back the assets during the lending period. In Flexible lending, individuals can lend BUSD whenever possible and also take back the BUSD whenever they wish, but this will not yield much interest as compared to Fixed Lending.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
