The post Binance USD (BUSD) Stabilizes at $1 After CEO Clarifies Connection to Paxos-Issued Token appeared first on Coinpedia Fintech News The Binance USD (BUSD), the third-largest stablecoin by market cap, is returning to its intended $1 peg after Binance CEO Changpeng Zhao commented on the crypto exchange’s connection to the popular Paxos Trust Co.-issued token on Tuesday. BUSD is a stablecoin backed by short-term treasuries and cash-like assets. It rallied to $0.9997 in European morning …
