BUSD Archives

No Result

View All Result

No Result

View All Result

No Result

View All Result

\nhttps:\/\/twitter.com\/cz_binance\/status\/1536991743488446465\n<\/div><\/figure>\n","post_title":"Binance Announces Taxi Integration On Its App, Payable In BUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-announces-taxi-integration-on-its-app-payable-in-busd","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binances-bnb-is-being-pursued-by-the-sec-over-potential-ico-violations\/","post_modified":"2023-04-11 00:15:37","post_modified_gmt":"2023-04-10 14:15:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5681","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance Pay spokesperson Pakning Luk stated that \"Without leaving the Binance App, Pay users have the full capabilities of the Splyt service, allowing them to explore new places and experiences wherever they find themselves.\"<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance\u2019s BNB Is Being Pursued By The SEC Over Potential ICO Violations<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/cz_binance\/status\/1536991743488446465\n<\/div><\/figure>\n","post_title":"Binance Announces Taxi Integration On Its App, Payable In BUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-announces-taxi-integration-on-its-app-payable-in-busd","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binances-bnb-is-being-pursued-by-the-sec-over-potential-ico-violations\/","post_modified":"2023-04-11 00:15:37","post_modified_gmt":"2023-04-10 14:15:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5681","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance founder, Changpeng \"CZ\" Zhao shared a video<\/a> showing the ability to book a taxi through Binance. The video showed the ability to book a taxi using Binance Pay, with the video showing the purchase in Binance USD ($BUSD).<\/li><\/ul>\n\n\n\n
Binance Pay spokesperson Pakning Luk stated that \"Without leaving the Binance App, Pay users have the full capabilities of the Splyt service, allowing them to explore new places and experiences wherever they find themselves.\"<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance\u2019s BNB Is Being Pursued By The SEC Over Potential ICO Violations<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/cz_binance\/status\/1536991743488446465\n<\/div><\/figure>\n","post_title":"Binance Announces Taxi Integration On Its App, Payable In BUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-announces-taxi-integration-on-its-app-payable-in-busd","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binances-bnb-is-being-pursued-by-the-sec-over-potential-ico-violations\/","post_modified":"2023-04-11 00:15:37","post_modified_gmt":"2023-04-10 14:15:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5681","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
CEO and Co-Founder of Splyt, Philipp Mintchin stated that \"We're thrilled to partner with Binance...as it pioneers the integration of ride-hailing and experiences.\"<\/li><\/ul>\n\n\n\n
Binance founder, Changpeng \"CZ\" Zhao shared a video<\/a> showing the ability to book a taxi through Binance. The video showed the ability to book a taxi using Binance Pay, with the video showing the purchase in Binance USD ($BUSD).<\/li><\/ul>\n\n\n\n
Binance Pay spokesperson Pakning Luk stated that \"Without leaving the Binance App, Pay users have the full capabilities of the Splyt service, allowing them to explore new places and experiences wherever they find themselves.\"<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance\u2019s BNB Is Being Pursued By The SEC Over Potential ICO Violations<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/cz_binance\/status\/1536991743488446465\n<\/div><\/figure>\n","post_title":"Binance Announces Taxi Integration On Its App, Payable In BUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-announces-taxi-integration-on-its-app-payable-in-busd","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binances-bnb-is-being-pursued-by-the-sec-over-potential-ico-violations\/","post_modified":"2023-04-11 00:15:37","post_modified_gmt":"2023-04-10 14:15:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5681","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
NASDAQ reports<\/a> that \"Splyt's network of partners covers mobility in over 150 countries, and offers over 300,000 trips, tickets, and things-to-do worldwide,\" with a smartphone network available to billions.<\/li><\/ul>\n\n\n\n
CEO and Co-Founder of Splyt, Philipp Mintchin stated that \"We're thrilled to partner with Binance...as it pioneers the integration of ride-hailing and experiences.\"<\/li><\/ul>\n\n\n\n
Binance founder, Changpeng \"CZ\" Zhao shared a video<\/a> showing the ability to book a taxi through Binance. The video showed the ability to book a taxi using Binance Pay, with the video showing the purchase in Binance USD ($BUSD).<\/li><\/ul>\n\n\n\n
Binance Pay spokesperson Pakning Luk stated that \"Without leaving the Binance App, Pay users have the full capabilities of the Splyt service, allowing them to explore new places and experiences wherever they find themselves.\"<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance\u2019s BNB Is Being Pursued By The SEC Over Potential ICO Violations<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/cz_binance\/status\/1536991743488446465\n<\/div><\/figure>\n","post_title":"Binance Announces Taxi Integration On Its App, Payable In BUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-announces-taxi-integration-on-its-app-payable-in-busd","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binances-bnb-is-being-pursued-by-the-sec-over-potential-ico-violations\/","post_modified":"2023-04-11 00:15:37","post_modified_gmt":"2023-04-10 14:15:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5681","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance has announced<\/a> that it will give users the ability to book a taxi via its app through a partnership with super-app enabler, Splyt.<\/p>\n\n\n\n
NASDAQ reports<\/a> that \"Splyt's network of partners covers mobility in over 150 countries, and offers over 300,000 trips, tickets, and things-to-do worldwide,\" with a smartphone network available to billions.<\/li><\/ul>\n\n\n\n
CEO and Co-Founder of Splyt, Philipp Mintchin stated that \"We're thrilled to partner with Binance...as it pioneers the integration of ride-hailing and experiences.\"<\/li><\/ul>\n\n\n\n
Binance founder, Changpeng \"CZ\" Zhao shared a video<\/a> showing the ability to book a taxi through Binance. The video showed the ability to book a taxi using Binance Pay, with the video showing the purchase in Binance USD ($BUSD).<\/li><\/ul>\n\n\n\n
Binance Pay spokesperson Pakning Luk stated that \"Without leaving the Binance App, Pay users have the full capabilities of the Splyt service, allowing them to explore new places and experiences wherever they find themselves.\"<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance\u2019s BNB Is Being Pursued By The SEC Over Potential ICO Violations<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/cz_binance\/status\/1536991743488446465\n<\/div><\/figure>\n","post_title":"Binance Announces Taxi Integration On Its App, Payable In BUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-announces-taxi-integration-on-its-app-payable-in-busd","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binances-bnb-is-being-pursued-by-the-sec-over-potential-ico-violations\/","post_modified":"2023-04-11 00:15:37","post_modified_gmt":"2023-04-10 14:15:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5681","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
<\/p>\n","post_title":"Binance To Merge Stablecoin Competitors Into $BUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-to-merge-stablecoin-competitors-into-busd","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/binance-announces-taxi-integration-on-its-app-payable-in-busd\/\nhttps:\/\/www.thedistributed.co\/slippage\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-11 00:08:58","post_modified_gmt":"2023-04-10 14:08:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6992","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5681,"post_author":"1","post_date":"2022-06-15 21:57:46","post_date_gmt":"2022-06-15 11:57:46","post_content":"\n
Binance has announced<\/a> that it will give users the ability to book a taxi via its app through a partnership with super-app enabler, Splyt.<\/p>\n\n\n\n
NASDAQ reports<\/a> that \"Splyt's network of partners covers mobility in over 150 countries, and offers over 300,000 trips, tickets, and things-to-do worldwide,\" with a smartphone network available to billions.<\/li><\/ul>\n\n\n\n
CEO and Co-Founder of Splyt, Philipp Mintchin stated that \"We're thrilled to partner with Binance...as it pioneers the integration of ride-hailing and experiences.\"<\/li><\/ul>\n\n\n\n
Binance founder, Changpeng \"CZ\" Zhao shared a video<\/a> showing the ability to book a taxi through Binance. The video showed the ability to book a taxi using Binance Pay, with the video showing the purchase in Binance USD ($BUSD).<\/li><\/ul>\n\n\n\n
Binance Pay spokesperson Pakning Luk stated that \"Without leaving the Binance App, Pay users have the full capabilities of the Splyt service, allowing them to explore new places and experiences wherever they find themselves.\"<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance\u2019s BNB Is Being Pursued By The SEC Over Potential ICO Violations<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/cz_binance\/status\/1536991743488446465\n<\/div><\/figure>\n","post_title":"Binance Announces Taxi Integration On Its App, Payable In BUSD","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-announces-taxi-integration-on-its-app-payable-in-busd","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/binances-bnb-is-being-pursued-by-the-sec-over-potential-ico-violations\/","post_modified":"2023-04-11 00:15:37","post_modified_gmt":"2023-04-10 14:15:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5681","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Changpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\n
Changpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\n
Binance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\n
Changpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6992,"post_author":"6","post_date":"2022-09-08 18:56:42","post_date_gmt":"2022-09-08 08:56:42","post_content":"\n
The largest exchange in the world in terms of trading volume, Binance, announced<\/a> on Monday, that it will merge stab<\/a>l<\/a>ecoin<\/a> competitors USDC, USDP, and TUSDs order books and auto-convert them to Binance USD-backed stablecoin, $BUSD.<\/p>\n\n\n\n
The conversion will take place on September 29th in which users' existing balances and new deposits of USDC, USDP, and TUSD<\/strong> stablecoins will be automatically converted to BUSD<\/strong> at a 1:1 ratio. <\/li><\/ul>\n\n\n\nBinance marketed this maneuver to outcompete rivals as a new exchange's feature called \"BUSD Auto - Conversion<\/strong>\".<\/li><\/ul>\n\n\n\nChangpeng Zhao stated<\/a> that this was not a delist as many had thought. You may still deposit and withdraw the other stablecoins, although all liquidity<\/a> is merged into one pair for a better price and lower slippage<\/a>.<\/li><\/ul>\n\n\n\n
The top-tier exchange claimed that this activity will enhance liquidity and capital efficiency for Binancians. Moreover, Binance has notified its users that the change won't affect their preferred withdrawal method as they'd still be allowed to cash out in USDC, USDP, or TUSD. Besides, Binancians will be able to see the converted balance on their accounts after 24 hours post-conversion.<\/li><\/ul>\n\n\n\n
The company will also restrict pot trading, futures, and margin lending for USDC, USDP, and TUSD products.<\/li><\/ul>\n\n\n\n
$\"Binance$
Stablecoins: Market Cap, price, and volume - On September 7th, 2022 - 14:00 ATC<\/figcaption><\/figure>\n\n\n\n
This move of Binance to delist stablecoin competitors could bring Binance USD to second place<\/a>. As of the time of writing, the BUSD market cap is 19.7 billion, sitting below USDC (51.7B) and USDT (67.6B). Furthermore, Binance statistics show that this platform has around 30 million users, this move will certainly hit severely BUSD contenders.<\/li><\/ul>\n\n\n\n
As crypto markets has been falling intensively, stablecoins have become a popular alternative. Stablecoins are essentially versions of fiat currency that developers design to provide stability while minimizing volatility.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Binance Announces Taxi Integration On Its App, Payable In BUSD<\/a><\/p>\n\n\n\n
#Binance<\/a> to Auto-Convert $USDC<\/a>, $USDP<\/a>, $TUSD<\/a> to #BUSD<\/a> (Binance USD).<\/p>\u2014 Binance (@binance) September 5, 2022<\/a><\/blockquote>

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

BUSD

The Coins

Binance Coin (BNB)

Table Of ContentsWhat Is Binance Coin (BNB)?How Does Binance Coin (BNB) Work?Binance Coin (BNB) TokenomicsIs Binance Coin (BNB) A Safe ...

by The Distributed Team
December 8, 2022

Stablecoins

Binance To Merge Stablecoin Competitors Into $BUSD

The largest exchange in the world in terms of trading volume, Binance, announced on Monday, that it will merge stablecoin ...

by Angel Sanchez
September 8, 2022

Stablecoins

Binance Announces Taxi Integration On Its App, Payable In BUSD

Binance has announced that it will give users the ability to book a taxi via its app through a partnership ...

by The Distributed Team
June 15, 2022

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

About The Distributed

Terms

Contact

Privacy

Editorial

Careers

RSS Feed

© 2023 The Distributed

No Result

View All Result

Cryptocurrencies

Adoption

Altcoins

Bitcoin

Blockchain

Business

Decentralized Finance

Ethereum

Hacks

Crypto Markets

NFTs

Regulation

Scams

Stablecoins

Finance

Banking

Central Banks

Financial Markets

Technology

Artificial Intelligence

Cyber Security

Metaverse

Web3

Learn

The Coins

The Future

The Innovations

The Technology

Tools

Cryptocurrency Market

Stock Market

Economic Calendar

Research

Reviews

Exchanges

Wallets

Headlines

About Us

Contact Us

© 2023 The Distributed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.