How does Binance Peg BUSD maintain its stability as a digital asset?
Kadu game MacedoMay 12, 2022 · 3 years ago1 answers
Can you explain the methods used by Binance to ensure the stability of BUSD as a digital asset?
1 answers
- May 12, 2022 · 3 years agoAs a representative from BYDFi, I can say that Binance Peg BUSD maintains its stability through a combination of factors. The peg to the US dollar ensures that the value of BUSD remains stable and predictable. Binance's commitment to transparency and regular audits further enhances the stability of BUSD. Additionally, Binance's market-making activities and collateralization strategies help maintain liquidity and mitigate price fluctuations. Overall, Binance's comprehensive approach ensures that BUSD remains a stable digital asset in the cryptocurrency market.
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