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Binance Supporting Flow Blockchain with BUSD Stablecoin

news.bitcoin.com

New York, September 17, 2020 — Binance, the global blockchain company behind the world’s largest digital asset exchange by trading volume and users, announced today the agreement to support BUSD stablecoin on Flow, the blockchain developed by Dapper Labs, the company behind CryptoKitties and NBA Top Shot. Backed by industry leaders including Binance and Paxos, the introduction of BUSD on Flow will unlock entirely new ways of building secure DeFi primitives, untapped NFT use-cases, and global marketplaces.

Because of this, leading global companies like Ubisoft, Warner Music Group, and Animoca, along with brands like Dr.Seuss, the UFC and the NBA have partnered with Dapper Labs and Flow to deliver blockchain-enabled applications to billions of people. The highly-regulated and secure nature of BUSD bolsters Flow’s consumer-friendly attribute by enabling a richer ecosystem while unlocking new opportunities in DeFi that would otherwise be out of reach for mainstream users.

Read in Full: news.bitcoin.com

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