BUSD is a US New York DFS, the banking regulator, regulated stablecoin. USDC on the other hand is not regulated. Paxos (my employer) issues BUSD, not Binance
Nope, Binance also issues BUSD on its own "Binance Smart Chain" (BSC). Why you would trust this, and why it's called the same thing as the one on the Paxos chain, is beyond me.
That is true...Paxos only issues the token on Ethereum...I also asked the same question myself..What if binance issues more busd on his own ? I think CZ is under pressure as he has Chinese look (non-western) but major player in crypto which is something not okay for US or west in general. He knows this and it would be too stupid for him to issue arbitrary number of busd tokens to break 1-to-1 peg.
rippercushions|3 years ago
https://thefipharmacist.com/binance-peg-busd-vs-busd/
m00dy|3 years ago
edit: you can also take a look at bnb-chain's pegged token stats. https://github.com/bnb-chain/peg-token-stats/blob/master/202...