TechFlow news, according to data from Etherscan.io, Binance's stablecoin BUSD has doubled its market capitalization in 30 days, rising from $204 million to $415 million, an increase of over 100%.
BUSD is a compliant stablecoin jointly issued by Binance and Paxos and approved by the New York State Department of Financial Services, pegged 1:1 to the US dollar. It plays a key role in Binance's DeFi strategy, and its recent rapid growth is driven by the fast development of Binance Smart Chain and Binance Launchpad Pool.




