Multichain Supports BUSD On Polygon And Avalanche
As of right now, users can use Multichain Cross-chain Protocol to bridge BUSD to Polygon and Avalanche.
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.
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