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<h2 dir="ltr">How Binance USD (BUSD) Works</h2>
<a href="https://notum.ai/buy/binance-usd">BUSD</a> is a <a href="https://notum.ai/glossary/stablecoin">stablecoin</a> backed by fiat and issued by Binance and <a href="https://paxos.com/">Paxos</a>. One BUSD token is backed 1:1 with US dollars. BUSD provides a more stable cryptocurrency alternative for traders and investors looking to avoid the volatility of the crypto asset market. The stablecoin is accepted for loans,&nbsp; commerce, and payments.
<a href="https://www.binance.com/en">Binance</a> is the world&rsquo;s biggest cryptocurrency exchange ranked by trading volume. The launch of BUSD within the Binance platform helps to further increase the adoption of cryptocurrencies. By providing a stablecoin, Binance can address a broader range of users who still have hesitations to enter the market due to high volatility.
BUSD is an <a href="https://notum.ai/glossary/erc%20-%2020%20token">ERC20 token</a> built upon the <a href="https://ethereum.org/en/">Ethereum</a> blockchain. It also supports BEP-2. BEP-2 is a standard that decides on rules that tokens should follow to run within the BNB Beacon Chain ecosystem.
<h2 dir="ltr">Popular Crypto Assets</h2>
The Notum platform includes a wide range of popular crypto assets, such as Ethereum (<a href="https://notum.ai/assets/ethereum">ETH</a>), Tether (<a href="https://notum.ai/assets/tether">USDT</a>), USD Coin (<a href="https://notum.ai/assets/usd-coin">USDC</a>), Dai (<a href="https://notum.ai/assets/dai">DAI</a>), and many more. With<a href="https://notum.ai"> Notum</a>, you can easily invest in cryptocurrencies and start your way of getting a crypto passive income.&nbsp;
Manage,<a href="https://notum.ai/buy"> buy</a>,<a href="https://notum.ai/staking"> stake</a>, swap, and hold your preferred assets in one place, while enjoying a user-friendly interface, robust security measures, and a blog with up-to-date articles from the world of cryptocurrency,<a href="https://notum.ai/glossary/defi"> DeFi</a>, and<a href="https://notum.ai/glossary/blockchain"> blockchain</a>.
Whether you are a seasoned investor or a beginner taking your first steps into the crypto space, the Notum platform offers the perfect environment to explore, learn, buy, and stake crypto. Join our platform today and start investing in any of the<a href="https://notum.ai/assets"> 250+ assets</a> presented on the platform!

<h2>About Binance USD (BUSD)</h2>
<a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> (or Binance USD) is a <a href="https://notum.ai/glossary/stablecoin">stablecoin</a> issued by <a href="https://www.binance.com/en">Binance</a>, one of the world's largest cryptocurrency exchanges. It is a digital asset pegged to the value of the United States Dollar (USD), aiming to provide users with a stable and reliable cryptocurrency for trading and other financial transactions. <a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> was created in collaboration with <a href="https://paxos.com/">Paxos</a>, a regulated financial institution, ensuring that it is fully backed by a reserve of USD held in segregated accounts. This backing makes it a trustworthy <a href="https://notum.ai/glossary/stablecoin">stablecoin</a> with a 1:1 ratio to the US Dollar, meaning one <a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> is equivalent to one USD, reducing price volatility and making it a useful tool for traders to hedge against market fluctuations.
As a<a href="https://notum.ai/glossary/stablecoin"> stablecoin</a>, <a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> offers the advantages of quick and low-cost transactions typically associated with crypto, while simultaneously providing a stable store of value similar to traditional <a href="https://notum.ai/glossary/fiat%20money">fiat currencies</a>. It is widely used on the Binance exchange and has gained popularity in the broader crypto ecosystem for trading, as well as its potential for cross-border payments, remittances, and other financial applications. 
<h2>BUSD Use Cases</h2>
<a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a>, being a <a href="https://notum.ai/glossary/stablecoin">stablecoin</a>, has several practical use cases within the crypto ecosystem and beyond. Some of the prominent use cases for <a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> include:
<ul>
<li>Trading and Investing. <a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> serves as a stable and reliable trading pair on various crypto exchanges, including <a href="https://d.docs.live.net/5f88d3377ab416d5/%D0%A0%D0%B0%D0%B1%D0%BE%D1%87%D0%B8%D0%B9%20%D1%81%D1%82%D0%BE%D0%BB/binance.com">Binance</a>. Traders often use <a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> to quickly move funds in and out of volatile cryptocurrencies during market fluctuations, providing a stable value during trading strategies.</li>
<li>Remittances and Cross-Border Payments. <a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> enables fast and cost-effective cross-border transactions. Individuals and businesses can use <a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> to send and receive funds internationally without the delays and fees typically associated with traditional banking systems.</li>
<li>Decentralized Finance Applications. <a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> is commonly used within <a href="https://notum.ai/glossary/defi">DeFi</a> protocols for lending, borrowing, and yield farming. <a href="https://notum.ai/glossary/defi">DeFi</a> platforms often require stablecoins like <a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> to facilitate lending and other financial services while mitigating exposure to volatile assets.</li>
<li>Hedging Against Market Volatility. Traders and investors use <a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> to hedge their portfolios against market downturns or uncertainties. By converting their holdings into <a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> during times of high <a href="https://notum.ai/glossary/volatility">volatility</a>, they can preserve the value of their assets and minimize potential losses.</li>
<li>E-commerce and Online Payments. <a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> can be integrated into various e-commerce platforms and online marketplaces, allowing users to make purchases with a stable digital asset without being subject to price fluctuations.</li>
<li>Stable Savings. Users can hold <a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> in their <a href="https://notum.ai/glossary/wallet">wallets</a> or specific platforms that offer interest on <a href="https://notum.ai/glossary/stablecoin">stablecoin</a> holdings. This way, they can preserve the value of their assets while earning interest on their holdings.</li>
<li>Margin Trading. Some crypto exchanges allow users to trade on margin using <a href="https://notum.ai/glossary/stablecoin">stablecoins</a> like <a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> as collateral. This allows traders to amplify their positions while maintaining a stable asset as collateral.</li>
</ul>
<h2>What Can I Do With BUSD on Notum Platform?</h2>
With <a href="https://notum.ai/">Notum</a>, investing becomes even easier and more affordable. You can choose among a huge number of cryptocurrencies, manage your assets without delays, and get the best rates. The platform offers you to buy, stake, and swap <a href="https://coinmarketcap.com/currencies/binance-usd/">BUSD</a> and thus get a fast stable income in 2023.
<ul>
<li>Buy BUSD</li>
<li>Swap BUSD</li>
<li>Stake BUSD</li>
</ul>

Binance USD (BUSD) is a stablecoin issued by Binance and backed 1:1 to the U.S. dollar. It’s an ERC-20 token which is founded to stabilize the USD. The BUSD can be used for completing crypto transactions faster, trading on DEXes, could be used as collateral and loan assets, as well. 

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