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Blockchain

Multichain Supports BUSD On Polygon And Avalanche

November 25, 2022 - Around 2 mins mins to read
Binance-Peg BUSD has been fully integrated into Polygon and Avalanche’s cross-chain routers, according to a statement from Multichain.
Multichain Supports BUSD On Polygon And Avalanche

As of right now, users can use Multichain Cross-chain Protocol to bridge BUSD to Polygon and Avalanche.

In addition to strengthening the cross-chain network, this capability will improve users’ cross-chain experiences by enabling them to more safely and effectively explore the Avalanche and Polygon ecosystems with BUSD.

BUSD is a stablecoin issued by Paxos and approved by the NYDFS. BUSD is pegged to the US Dollar (USD) at a 1:1 ratio. This means that it’s available for purchase and redemption at a rate of 1 BUSD to 1 USD.

Multichain Supports BUSD On Polygon And Avalanche

Binance expanded the official support for its USD-backed stablecoin BUSD to the Avalanche and Polygon blockchains earlier this year in order to give users of BUSD a quicker and safer cross-chain experience.

Previously, Multichain stated that it had modified its cross-chain transaction price for ETH/USDT/USDC.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

Avalanche

Binance

BUSD

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Blockchain

Multichain Supports BUSD On Polygon And Avalanche

Binance-Peg BUSD has been fully integrated into Polygon and Avalanche’s cross-chain routers, according to a statement from Multichain.
Multichain Supports BUSD On Polygon And Avalanche

As of right now, users can use Multichain Cross-chain Protocol to bridge BUSD to Polygon and Avalanche.

In addition to strengthening the cross-chain network, this capability will improve users’ cross-chain experiences by enabling them to more safely and effectively explore the Avalanche and Polygon ecosystems with BUSD.

BUSD is a stablecoin issued by Paxos and approved by the NYDFS. BUSD is pegged to the US Dollar (USD) at a 1:1 ratio. This means that it’s available for purchase and redemption at a rate of 1 BUSD to 1 USD.

Multichain Supports BUSD On Polygon And Avalanche

Binance expanded the official support for its USD-backed stablecoin BUSD to the Avalanche and Polygon blockchains earlier this year in order to give users of BUSD a quicker and safer cross-chain experience.

Previously, Multichain stated that it had modified its cross-chain transaction price for ETH/USDT/USDC.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

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