The purchase volume of Binance’s USD-backed stable coin, BUSD rose to $1 billion. It’s not even a year for BUSD’s launch, said Binance, adding that they have seen ‘tremendous growth in terms of issuance, reach and use cases for this stablecoin’.
Initially, the BUSD was only available no the Binance exchange, however, other platforms began supporting gradually. The latest in the list is ‘Justin Sun’s BitTorrent’ which recently announced that their customers can purchase ‘BTT token with BUSD’. In addition to BitTorrent token, customers can also use BUSD to purchase µTorrent Classic Pro. As per the official report, BUSD is the six cryptocurrencies that are available on BitTorrent. Other five includes ‘TRX, BNB, BTC, BTT, and OKB’.
According to Binance, BUSD has witnessed ‘growing traction in countries like Brazil, mainly to simply payments worldwide’. Binance’s stable coin is currently surging by 0.33 percent within the past 24Hours whereas the market capitalization counts at $165 million. Besides BitTorrent, yet another platform, Zilliqa Network announced the launch of it. Binance USD (BUSD). The platform notes that the addition of BUSD comes as a part of a tripartite collaboration between Binance, Zilliqa, and its partner ‘Switcheo’.
Other Updates - Binance Kick-starts ‘Binance Off The Charts’ Virtual Conference
The world’s largest cryptocurrency exchange ‘Binance’ is hosting its virtual conference ‘Off The Charts’ to celebrate the ‘third anniversary’.
This virtual conference will begin at 09:00 am and will last for 10-hours. As per the official information, the event will host 80+influential speakers including ‘crypto innovators, blockchain and business leaders and policymakers. To name a few, Singer Akon, Binance CEO Changpeng Zhao (CZ), Coinshares’ Meltem Demirors, Brave Softwares’ Brendan Eich, Ripple’s Navin Gupta, Bitcoin bull Thomas Lee, Matic Network’s Sandeep Nailwal, WazirX’s Nischal Shetty, Tron’s Justin Sun and many others will be speaking on several topics. Noticeably, the agenda features 5+ major keynotes.
Binance is also awarding the standout innovators and businesses as ‘Binance Awards 2020’. Binance will reward ‘Influencers. Binance Angels, Best Binance Chain Wallet, Launchpad project of the year, and Philanthropist of the year awards based on the votes received from the public.