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30 September 2020

Record $113M BUSD stablecoin inflow shows Binance is serious about DeFi

Record $113M BUSD stablecoin inflow shows Binance is serious about DeFi


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Record $113M BUSD stablecoin inflow shows Binance is serious about DeFi.

However, as Binance continues to grow its offerings it’s possible that BUSD may become a larger player in the stablecoin and DeFi space which has largely been dominated by USDT.

Binance chain allows DeFi protocols to run on top of it, with lower fees than the Ethereum blockchain and BNB staking is also available through the platform.

announced that it would shift to Binance Chain and unlike most DeFi platforms, the protocol supports yield farming for BNB, BUSD, BTC, ETH, XRP, BCH, and LTC.

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