• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

FTX Founder Sam Bankman-Fried Pleads Not Guilty to New Charges, Including Bribery of Chinese Officials: Report

2023-03-31

XRP Perpetual Futures Open Interest skyrockets to $610 million

2023-03-31

CNBC’s Jim Cramer calls Binance “way too sketchy”

2023-03-31
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01
  • Metaverse

    Siemens and MIT Tech Review Probe ‘The Emergent Industrial Metaverse’

    2023-03-30

    Disney Metaverse Division Reportedly Scrapped

    2023-03-28

    Animoca Denies $200M Metaverse Fund Cut

    2023-03-27

    Metaverse Trading Hits All-Time High

    2023-03-24

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    FTX Founder Sam Bankman-Fried Pleads Not Guilty to New Charges, Including Bribery of Chinese Officials: Report

    2023-03-31

    XRP Perpetual Futures Open Interest skyrockets to $610 million

    2023-03-31

    CNBC’s Jim Cramer calls Binance “way too sketchy”

    2023-03-31

    Bitcoin reclaims $28k despite potential regulatory woes from Binance lawsuit

    2023-03-31

    Binance daily withdrawals double as users report problems off-ramping

    2023-03-31
  • Learn

    Best Bitcoin Mining Software — TOP Crypto Miners to Use in 2023

    2023-03-30

    Next Cryptocurrency to Explode 2023

    2023-03-30

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17
  • Market Cap
CryptoNewsMetaverse
Home»Altcoins»Binance-Peg BUSD Now Available on Justin Sun’s TRON Network
Altcoins

Binance-Peg BUSD Now Available on Justin Sun’s TRON Network

2022-12-30No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Top crypto exchange Binance has recently announced that the integration of Binance-Peg BUSD on the TRON network has been successfully executed. The TRON network is currently accepting both deposits and withdrawals for the Binance-Peg BUSD trading pair. Customers now have access to the BUSD stablecoin, which can be used on the BNB Chain, Avalanche, Polygon, and TRON networks.

Binance-Peg BUSD Now On TRON

According to the official announcement, the Binance-Peg BUSD which is a wrapped version of BUSD offered by Binance,  extends the supported blockchain networks to include TRON; in addition to the BUSD that was issued by Paxos on the Ethereum blockchain. Users will now have the ability to transfer BUSD and Binance-Peg BUSD across the TRON network as a result of this development.

📢@binance has completed the integration of Binance-Peg BUSD on the #TRON network.

🙌Deposits and withdrawals for Binance-Peg BUSD are now open on #TRON.

🤗Ringing in more #TRONICS support for @binance @BNBCHAIN! pic.twitter.com/Y6b42Ugotn

— TRON DAO (@trondao) December 30, 2022

The CEO of the company, Changpeng Zhao, commonly referred to as “CZ”, has previously stated that the BUSD stablecoin is issued by Paxos and is subjected to scrutiny and regulation by the United States authorities.

Other blockchains including BNB Chain, Polygon, and Avalanche, Binance independently issues Binance-Peg BUSD and pegs the tokens to BUSD in a 1:1 ratio. Binance-Peg BUSD can be traded on other networks, including TRON, Ethereum, Avalanche, and Polygon, in addition to the BNB Chain network.

BUSD Flipped By XRP

Recently, BUSD was flipped by Ripple’s XRP token to clinch the 6th spot by market cap. This comes at a time after massive whale activity was observed, with the number of XRP whales & shark addresses holding 1 million to 10 million tokens hit a new all-time high recently.

Read More: Will Ripple’s XRP Price Pump To $1 In The Massive 2023 Rally?

In other developments, the TRON DAO has made the announcement that it would be joining the Enterprise Ethereum Alliance (EEA). As a member of the EEA, TRON DAO will collaborate with the EEA and its other members to expedite the pace at which Ethereum would be adopted by businesses and create commercial breakthroughs.

Also Read: Shiba Inu (SHIB) Price To Surge After Reaching This New Milestone?

Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now – he has seen it all.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



Source link

BinancePeg BUSD Justin Network Suns Tron
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Justin Sun’s US fraud charges could hamper Huobi’s license application in Hong Kong

2023-03-28

Here’s how Binance is mitigating its stablecoin needs after BUSD ban

2023-03-07

Silvergate closes exchange network, releases $9.9M to BlockFi

2023-03-05

Justin Sun 100% confident Huobi will obtain Hong Kong VASP license

2023-03-01
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Here’s what to expect from SAND’s near-term price after the recent drawdown

2022-06-12

Ethereum sees this bearish order block for traders to sell at 

2022-10-12

Russia Open to Accepting Bitcoin in Exchange for Oil, According to Energy Commissioner: Report

2022-03-28

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

FTX Founder Sam Bankman-Fried Pleads Not Guilty to New Charges, Including Bribery of Chinese Officials: Report

2023-03-31

XRP Perpetual Futures Open Interest skyrockets to $610 million

2023-03-31

CNBC’s Jim Cramer calls Binance “way too sketchy”

2023-03-31
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$28,516.001.44%
  • ethereumEthereum(ETH)$1,826.871.85%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.08%
  • binancecoinBNB(BNB)$317.000.02%
  • usd-coinUSD Coin(USDC)$1.00-0.04%
  • rippleXRP(XRP)$0.54-0.10%
  • cardanoCardano(ADA)$0.4047567.17%
  • Lido Staked EtherLido Staked Ether(STETH)$1,823.071.81%
  • dogecoinDogecoin(DOGE)$0.0765352.43%