XREX listed Binance USD (BUSD) on 22 September 2022. This further diversifies the list of tokens and coins that users can buy, sell, convert, and trade on the XREX platform. We are glad to offer more investment options to our users after detailed analysis conducted by our security and risk management teams. Factors taken into consideration include (but not limited to) tokenomics, utility, developer team, roadmap, potential, and liquidity.
In this article, we've prepared some basic information about one of our listed cryptocurrency on the XREX crypto-fiat exchange – BUSD.
Token name: Binance (USD)
Supply: 345 million
Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance. As of June 30, 2022, 96% of the assets backing the Binance USD were held in cash and cash equivalents, while 4% were invested in U.S. Treasury bills.
Official website: https://www.binance.com/en/busd
We are glad to offer more coins and tokens to our users on the XREX crypto-fiat exchange. However, before investing in any cryptocurrencies, it is important to do one’s own research and have a comprehensive understanding as cryptocurrency trading is subject to high market risk.