Multichain Supports BUSD On Polygon And Avalanche
Binance-Peg BUSD has been fully integrated into Polygon and Avalanche’s cross-chain routers, according to a statement from Multichain.
In addition to strengthening the cross-chain network, this capability will improve users’ cross-chain experiences by enabling them to more safely and effectively explore the Avalanche and Polygon ecosystems with BUSD.
BUSD is a stablecoin issued by Paxos and approved by the NYDFS. BUSD is pegged to the US Dollar (USD) at a 1:1 ratio. This means that it’s available for purchase and redemption at a rate of 1 BUSD to 1 USD.
Binance expanded the official support for its USD-backed stablecoin BUSD to the Avalanche and Polygon blockchains earlier this year in order to give users of BUSD a quicker and safer cross-chain experience.
Previously, Multichain stated that it had modified its cross-chain transaction price for ETH/USDT/USDC.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu