BUSD is now available on TRON

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We are pleased to announce that BUSD is now available on TRON. Along with the BUSD issued by Paxos on the Ethereum blockchain, the Binance-Peg BUSD expands its compatible blockchain networks with the addition of TRON. From now on, you will be able to use BUSD on the BNB Chain, Avalanche, Polygon and TRON networks. The fact that BUSD is compatible with various blockchains offers traders a fast and secure method of transferring this USD-backed stablecoin between different platforms. Now all users will be able to explore the TRON ecosystem with native BUSD in a more secure and efficient way.

The address of the Binance-Peg BUSD smart contract on TRON is.

Please note that BUSD is a stablecoin issued by Paxos on Ethereum and regulated by the New York State Department of Financial Services (NYDFS). Binance offers the pegged token service to lock BUSD on Ethereum and issues the equivalent amount of Binance-Peg BUSD on the other networks (BNB Chain, Avalanche and Polygon, TRON, etc.). Binance-Peg BUSD is a Binance product and is not issued by Paxos or regulated by the NYDFS. See the asset testing page for more information.

About TRON
TRON is a public blockchain whose Ecuador Mobile Number List goal is to become the central infrastructure of a decentralized internet. It was founded by HE Justin Sun in September 2017 and its mainnet was launched on May 31, 2018. TRON is based on a delegated proof-of-stake (DPoS) mechanism made up of 27 super representatives that rotate every 6 hours to validate blocks and transactions. . Since its launch, TRON has become one of the most widely used programmable blockchains for decentralized applications and has flourished incredibly in recent years to reach 129 million users on the blockchain and over 4.4 billion transactions.

TRX (Tronix) is the TRON mainnet token, based on the TRON protocol. In its blockchain, TRX functions as the fundamental unit of accounts and the value of other coins is derived from its value. TRX was minted on Ethereum but moved to the TRON protocol in 2018 when its mainnet was launched. It has an unlimited supply and users can earn rewards by participating in the TRON network voting system. Additionally, users can use TRX to create DApps and smart contracts and to access an ecosystem of DeFi projects.

About BUSD and Binance-Peg BUSD
BUSD is a regulated stablecoin, backed by fiat and pegged to the US dollar. The BUSD stablecoin issued by Paxos and its reserves are under the strict supervision of the New York State Department of Financial Services. BUSD is supported by reserves held in one or both of the following: (i) fiat cash located in dedicated global accounts at insured US banks; or (ii) U.S. Treasury bonds (including those with repurchase agreements or money market funds invested in U.S. Treasury bonds).
       


Binance-Peg BUSD, which is not issued by Paxos or regulated by the NYDFS, is a separate product. Binance mint Binance-Peg BUSD independently on other blockchains (such as BNB Chain, Polygon, and Avalanche) and peg the tokens to BUSD on a one-to-one ratio . In this way, holders of both tokens on the Binance platform can exchange tokens between Ethereum and other blockchains.

More information:

About BUSD and Binance-Peg BUSD

Risk warning : Investment in crypto assets is not regulated, may not be suitable for retail investors and the entire amount invested may be lost. It is important to read and understand the risks of this investment which are explained in detail at this location.