Buy Crypto
Pay with
Markets
NFT
New
Downloads
English
USD
Support Center
Announcement
Latest Binance News

Binance Launches 1:1 Conversion Function for Selected Stablecoins Into BUSD

Binance
2020-01-16 09:02

Fellow Binancians,

Binance has launched a function allowing users to instantly convert from other stablecoins into BUSD. The ratio to convert PAX, USDC and TUSD into BUSD will be set at 1:1 with zero fees. The ratio to convert USDT into BUSD will vary based on the current market price. 

Users can access this conversion function on the “Buy and Sell Cryptocurrency” page, with no limit on the amount converted or number of conversions.

What is BUSD?

Binance USD (BUSD) is a stable coin pegged to USD that has received approval from the New York State Department of Financial Services (NYDFS). BUSD will be available for direct purchase and redemption at a rate of 1 BUSD = 1 USD. 

To understand more about BUSD, click here.

Thanks for your support!

Binance Team

2020/01/16

 

Find us on 

Telegram: https://t.me/binanceexchange

Twitter: https://twitter.com/binance

Facebook: https://www.facebook.com/binance 

Instagram: https://www.instagram.com/binance 

Related Articles
Binance Concludes APAC Race to Refer Promo