CMT Digital, a division of the CMT Group, is focused on crypto asset trading, blockchain technology investments, and legal/policy engagement in the crypto asset / blockchain technology industry. Beginning in late 2013, the firm immersed itself in understanding the bitcoin protocol and took an active role in shaping the regulatory landscape for crypto assets. Accustomed to operating in highly regulated markets, CMT Digital participates in global discussions on regulation, policy, and best practices in the crypto asset and blockchain space.

Binance USD (BUSD) is a cryptocurrency and operates on the BNB Beacon Chain (BEP2) platform. Binance USD has a current supply of 18,336,056,794.639256. The last known price of Binance USD is 0.99895076 USD and is down -0.18 over the last 24 hours. It is currently trading on 3075 active market(s) with $6,960,489,473.88 traded over the last 24 hours. More information can be found at https://www.binance.com/en/busd.

Binance USD

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<h1>Backer</h1>
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Community and Backer

<h2 class="MuiBox-root jss13543"><strong>Token Usage</strong></h2>
<div class="MuiBox-root jss13544"><strong>Key Info</strong>
<div class="jss13576">Token Type: ERC-20. Token Uses: Payments</div>
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<p class="MuiTypography-root jss13546 MuiTypography-body2 MuiTypography-paragraph">BUSD can be transacted over the Ethereum blockchain in the same manner as Ether or any other ERC-20 asset. If a user wishes to redeem BUSD they can send tokens to an address controlled by Paxos who will destroy the tokens and transfer fiat currency to the user's bank account. BUSD&rsquo;s existence on public blockchains allows traders and exchanges to use BUSD as an alternative to fiat currencies allowing them to outsource their banking needs to Paxos. BUSD's existence as an ERC-20 token on Ethereum allows it to be integrated with Ethereum based applications.</p>
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<h2 class="MuiBox-root jss13543"><strong>Supply Schedule</strong></h2>
<div class="MuiBox-root jss13544"><strong>Key Info</strong>
<div class="jss13576">General Emission Type: Burn &amp; Mint. Precise Emission Type: Other Burn &amp; Mint models</div>
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<strong>Details</strong>
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<p class="MuiTypography-root jss13546 MuiTypography-body2 MuiTypography-paragraph">There is no cap on the number of BUSD that Paxos can generate. BUSD are only created when dollars are deposited. They only exist when dollars are in custody. When BUSD are redeemed for cash, the tokens are immediately destroyed. This is how the price remains stable, because the number of BUSD in circulation will always exactly match the number of dollars in reserve, so the price ratio will always be 1:1. It typically takes around 1 business day to convert BUSD back to USD.</p>
<h2 class="MuiBox-root jss13543"><strong>Governance</strong></h2>
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<p class="MuiTypography-root jss13546 MuiTypography-body2 MuiTypography-paragraph">Paxos is the sole entity capable of altering the circulating supply of BUSD tokens. Paxos issue tokens when users deposit fiat currency into Paxos bank accounts while Paxos destroys tokens when users redeem tokens for fiat currency deposits in Paxos bank accounts. In order to prove that reserves exist and the system is solvent, BUSD relies on a proof-of-reserves system whereby the system is fully collateralized when the number of BUSD in circulation matches the value of the funds held in segregated accounts at FDIC-insured, U.S.-domiciled banks by Paxos. Paxos publishes monthly reports proving the US dollar reserves that back the BUSD tokens in circulation.</p>
<p class="MuiTypography-root jss13546 MuiTypography-body2 MuiTypography-paragraph"><a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://www.paxos.com/attestation/" target="_blank" rel="noreferrer noopener">Monthly Attestations</a></p>
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<h2 class="MuiBox-root jss13543"><strong>Technology</strong></h2>
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<p class="MuiTypography-root jss13546 MuiTypography-body2 MuiTypography-paragraph">Binance USD is fully collateralized 1:1 with USD in bank accounts, meaning that the total supply of BUSD is backed by a fiat held in reserve by Paxos. The requests for purchase and redemption of BUSD results in movement of cash in and out of the reserve, which in turn has the supplyController address mint and burn tokens accordingly. For example, purchase of $100 will result in issuance of 100 BUSD tokens and $100 being deposited into the reserve. On the other hand, redemption of 100 BUSD tokens results in destruction of those 100 tokens and withdrawal of $100 from the reserve to be given to the redeemer. As a resort to critical security threat, Paxos can pause transfer and approval of BUSD tokens via OpenZeppelin&rsquo;s contracts.</p>
<p class="MuiTypography-root jss13546 MuiTypography-body2 MuiTypography-paragraph">Although the creation and destruction of the tokens occur through Paxos, other transactions in BUSD follow ERC-20 smart contracts. This ensures security for BUSD, as it gets rid of the need for third parties and instead relies on the long-tested global blockchain network. Additionally, trading tokens is simple with BUSD because viewing and transferring of BUSD is automatically supported by most Ethereum-supporting exchanges and wallet applications.</p>
<p class="MuiTypography-root jss13546 MuiTypography-body2 MuiTypography-paragraph">Due to the Trust Charter, the New York State Department of Financial Services regulates and monitors the company and its operating procedures to make sure it follows New York banking laws. These banking laws also requires Paxos to have the power to freeze accounts as well as wipe the balance of said frozen accounts. BUSD has a function called &ldquo;setLawEnforcementRole.&rdquo; As its name implies, it can give administrative permissions over the circulating BUSD supply. Paxos has assured that the function is for preventing illegal activities such as money laundering and terrorist financing and that it will not be used unless required by law.</p>
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Techinical Data

<p>BUSD works like USDT, USDC and USDP by collateralizing assets through a 3rd party.<br /><br /></p>

Verdict

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<h1 class="MuiTypography-root jss13546 MuiTypography-body2 MuiTypography-paragraph">What is Binance USD (BUSD)?</h1>
<p class="MuiTypography-root jss13546 MuiTypography-body2 MuiTypography-paragraph">BUSD are fiat-collateralized Stablecoins. BUSD is 100% backed by fiat and equivalent assets, it has a centralized management mechanism and buyback to maintain the stability of the token price in the market. BUSD is one of the most used stablecoins in the market.</p>
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<h1 class="MuiTypography-root MuiTypography-h3 MuiTypography-gutterBottom"><strong>History</strong></h1>
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<p class="MuiTypography-root jss13546 MuiTypography-body2 MuiTypography-paragraph">Launched in September 2019, Binance USD (BUSD) is a fiat-collateralized stablecoin launched in collaboration between Binance and Paxos. BUSD is the frist stablecoin launched as part of Binance's <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://www.binance.com/en/support/articles/360032604131" target="_blank" rel="noreferrer noopener">Venus</a> project. It was also revealed at the time of launched that NYDFS had approved the new offering, which Binance is launched in partnership with the Paxos.</p>
<p class="MuiTypography-root jss13546 MuiTypography-body2 MuiTypography-paragraph">BUSD is issued by $2, a New York-regulated financial institution. Led by CEO and Co-Founder $2, the Paxos team consists of individuals from various backgrounds and experiences ranging from Wall Street to Silicon Valley.</p>
<p class="MuiTypography-root jss13546 MuiTypography-body2 MuiTypography-paragraph">BUSD was built to improve the larger financial ecosystem by creating a frictionless global network where digital assets can be mobilized with significantly increased speed, flexibility, and accessibility.</p>
<p class="MuiTypography-root jss13546 MuiTypography-body2 MuiTypography-paragraph"><strong>Read Full Article: <a href="https://coincu.com/currencies/busd-binance-usd/stories/">CLICK HERE</a></strong></p>
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All about

Bonfida (FIDA) is a cryptocurrency launched in 2020and operates on the Solana platform. Bonfida has a current supply of 998,729,963.595 with 44,729,963.595 in circulation. The last known price of Bonfida is 1.80484758 USD and is down -1.71 over the last 24 hours. It is currently trading on 33 active market(s) with $11,459,206.79 traded over the last 24 hours. More information can be found at https://bonfida.com.

Bonfida

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      Bonfida  bridges the gap between Serum, Solana, and the user. It is the flagship Serum GUI and brings Solana Data analytics to the field. Bonfida API is used by some of the largest market makers in the space and has seen a growth of requests of 25% week over week.
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      FIDA is anticipated to hold the following utility:
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       95% of the net fees on Bonfida will be governed by the FIDA token and
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       could be used for buy/burns, etc.
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       FIDA will be used transactionally for:
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       FIDA staking will grant its holders:
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       Exclusive API endpoints and lower latency
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       Access to rare Solible markets
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       Advanced analytics
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     <p>
      Bonfida will likely include a limited governance model based on the FIDA token. Some parameters such as product fees may be changed through a governance vote of FIDA tokens.
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<h1>Team</h1>
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<h1 id="partners"><strong>Partners</strong></h1>
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Team and Backers

<p>The presence of Bonfida has brought the optimal solution in crypto trading to users. Bonfida allows traders to gain access to a DEX and leverage Solana's potential. With the visionary goal, fast transaction speed and low cost, Bonfida promises to explode in the future.</p>

Technical Data

<p>More and more decentralized projects are launched with the desire to connect users to the DeFi door more easily. One of the outstanding projects is Bonfida with many development ambitions.</p>
<h1>What is Bonfida?</h1>
<p>Bonfida is a decentralized trading solution built on the Serum platform of the Solana blockchain. The project promises to help bridge the gap between Serum, Solana and users.</p>
<p>Bonfida is the first and leading Serum GUI that can act as a bridge to help users access Serum more easily. The project's API - application programming interface - has also been used by some of the biggest market makers in the field and has seen 25% weekly request growth.</p>
<h1>Outstanding features</h1>
<h2>What is the project trying to achieve?</h2>
<p>Bonfida's goal is to be a tailored solution that can replicate what stands out in the Ethereum DeFi ecosystem that players can do. This is considered the top product on Serum GUI. Bonfida's platform has a backend structure that stores every transaction that occurs on Serum's online on-chain. At the same time, Bonfida also allows the exchange to provide data currently used by CoinMarketCap and Coingecko.</p>
<p>At the same time, Bonfida also possesses a number of advantages as follows:</p>
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<li>Super fast transaction speed: tens of thousands of transactions per second.</li>
<li>The transaction fee is low, about 0.01 USD.</li>
<li>Potential scalability.</li>
<li>Handle user operations quickly and efficiently.</li>
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<h2>What is unique selling point?</h2>
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<li>Bonfida Serum GUI: first choice to trade on Serum.<br />Bonfida DEX will provide traders with the best functionality and experience, as well as maintain its position as the most used DEX Serum, including internal wallet, SOL airdrop for beginners, and more.</li>
<li>Serum API: single repository of all Serum transactions, already used by Coingecko, CoinMarketCap and many market makers in the field, Bonfida API will continue to expand and provide users with Connect a CEX-like experience.</li>
<li>Serum Dashboard: all components of Serum ecosystem in one system including Serum GUI, Swap, Loan/Lending and Staking.</li>
<li>Bonfida Bots: build and register on-chain trading bots for Serum. This will allow users to automate their strategy with technical indicators.</li>
<li>Solible: Solana's NFT homepage. Solible is an NFT exchange built on top of Solana and Serum.</li>
</ul>
<p>Read Full Article: <a href="https://coincu.com/currencies/fida-bonfida/stories/">CLICK HERE</a></p>

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