Binance Coin (BNB) is the crypto of Binance
It is also the native cryptocurrency of BNB Chain. The latter is a theoretically decentralized blockchain, although Binance’s role in its operation is relevant.
BNB is suffering in the crypto markets these days because of the problems with BUSD (Binance USD).
Crypto: Binance Coin (BNB) and BUSD
In theory, there is no close relationship between BNB and BUSD, except for the fact that the fees one has to pay to send BUSD tokens via BSC have to be paid in BNB.
The greater relationship lies in the use of the name Binance, which is the brand name of the world’s leading crypto exchange.
Indeed, behind Binance USD, i.e., the BUSD stablecoin pegged to the US dollar, is not the Binance exchange, but another issuer (Paxos) that uses the exchange’s brand name because it has been granted the right to use it for this specific purpose.
Given the problems BUSD is having, Paxos has decided to discontinue its commercial relationship with Binance, and st
We współpracy z: https://en.cryptonomist.ch/2023/02/14/problems-binance-coin-bnb-crypto/
