The Binance-Peg BUSD stablecoin now supports the TRON network in addition to the BUSD issued by Paxos on the Ethereum.
Top crypto exchange Binance has recently declared that the integration of Binance-Peg BUSD on the TRON network had been carried out successfully.
The Binance-Peg BUSD trading pair is currently accepting deposits and withdrawals via the TRON network. The BUSD stablecoin, which works on the BNB Chain, Avalanche, Polygon, and TRON networks, is currently available to customers.
In addition to the BUSD that was issued by Paxos on the Ethereum blockchain, the Binance-Peg BUSD, which is a wrapped version of BUSD offered by the crypto exchange, expands the supported blockchain networks to include TRON. As a result of this development, users will now be able to send BUSD and Binance-Peg BUSD across the TRON network.
Changpeng Zhao, also known as “CZ,” the company’s CEO, has previously indicated that Paxos, which issues the BUSD stablecoin, is under the surveillance and regulation of American authorities.
The crypto exchange autonomously creates Binance-Peg BUSD and pegs the tokens to BUSD in a 1:1 ratio, along with other blockchains like BNB Chain, Polygon, and Avalanche.
In addition to the BNB Chain network, Binance-Peg BUSD can also be exchanged on the TRON, Ethereum, Avalanche, and Polygon networks.
BUSD FLIPPED BY XRP
Recently, the XRP coin from Ripple helped BUSD move up to sixth place in terms of market valuation. The number of XRP whales and shark addresses holding 1 million to 10 million tokens recently reached a new all-time high.
This comes after intense whale activity was seen. In other news, the TRON DAO has declared its intention to join the Enterprise Ethereum Alliance (EEA). As an EEA member, TRON DAO will work with the organization and its other members to hasten the adoption of Ethereum by enterprises and foster innovative business practices.
