Exchange News- The BNB Chain, Avalanche, Polygon, and TRON networks are now all compatible.
- Users may now send BUSD and Binance-Peg BUSD through the TRON network.
The Binance-Peg BUSD integration on the TRON network has been completed, the exchange stated recently. The Binance-Peg BUSD trading pair is now available for deposits and withdrawals on the TRON network. The BNB Chain, Avalanche, Polygon, and TRON networks are now all compatible with the BUSD stablecoin.
Changpeng Zhao (CZ) the CEO of Binance, has said in the past that the BUSD stablecoin is issued by Paxos and is subject to regulation by the United States government.
Now Send BUSD Through Tron Network
The official statement states that the Binance-Peg BUSD, a wrapped version of the BUSD supplied by Binance, expands the supported blockchain networks to include TRON in addition to the BUSD that was issued by Paxos on the Ethereum blockchain. Because of this improvement, users may now send BUSD and Binance-Peg BUSD through the TRON network.
Binance autonomously issues Binance-Peg BUSD and pegs the tokens to BUSD at a 1:1 ratio, unlike the BNB Chain, Polygon, and Avalanche blockchains. Binance-Peg BUSD is not limited to the BNB Chain network for trading purposes but is also available on TRON, Ethereum, Avalanche, and Polygon.
Recently, Ripple’s XRP cryptocurrency passed BUSD and took the sixth slot in terms of market capitalization. This follows recent record-breaking whale activity when the number of XRP whales and shark addresses holding 1 million to 10 million tokens reached a new high.
The TRON DAO has also announced that it would be joining the Enterprise Ethereum Alliance (EEA). TRON DAO’s membership in the EEA means the organization will work with other EEA members to help speed up the rate at which Ethereum is adopted by enterprises and spur the development of groundbreaking new products and services.
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Source: https://thenewscrypto.com/binance-peg-busd-stablecoin-now-supports-the-tron-network/