2022-11-25
Changpeng Zhao Binance CEO shows public address that has $1 billion
BUSD. The fund will be used to help cryptocurrency industry. It aims to support
strong projects that facing financial difficulty. Around 150 companies have
applied for the program.
Furthermore, Binance US is interest in bailout Voyager. Binance is
preparing a bid for the bankrupt Voyager.
Binance wants to rebuild the cryptocurrency industry that has been
affected from FTX bankruptcy.
About BUSD
BUSD is a stablecoin issued by Paxos, a blockchain infrastructure
firm. Paxos’s BUSD is regulated by the New York State Department of Financial
Services. BUSD is backed by US dollar fiat and US treasury bills.
