Multichain supports Binance-Peg BUSD available on Polygon and Avalanche
Earlier this year, Binance furthered the official support for its USD-backed stablecoin BUSD (Binance-Peg) to Avalanche and Polygon blockchains so that investors may have a safer and faster cross-chain experience while using Binance-Peg BUSD.
Multichain is excited to inform its users that it has fully integrated Binance-Peg BUSD on Polygon and Avalanche to its cross-chain routers. From now, users can bridge Binance-Peg BUSD to Polygon and Avalanche through Multichain Cross-chain Protocol. This support will not only boost Multichain’s cross-chain network, but will also enhance users’ cross-chain experiences by allowing them to explore the Avalanche and Polygon ecosystems with BUSD more safely and efficiently.
Cheers from Multichain Community
Binance-Peg BUSD has been chosen as one of the community’s favorite assets to be shown in the default token suggestion section by the Multichain community. Users will be able to choose Binance-Peg BUSD directly from the featured display to start cross-chain transactions via https://app.multichain.org/#/router
BUSD is a stablecoin issued by Paxos and approved by the NYDFS. BUSD is pegged to the US Dollar (USD) at a 1:1 ratio. This means that it’s available for purchase and redemption at a rate of 1 BUSD to 1 USD. Also, BUSD is green-listed by the NYDFS, making it pre-approved for trading and custody by any of the NYDFS virtual currency licensees.
Born as Anyswap on July 20th, 2020, Multichain is positioned as a decentralized cross-chain router to address the clear need for distinct and diverse blockchains to communicate with one another.
Multichain promotes interoperability across different networks and actualizes smooth asset and value transfers as a cross-chain architecture. In addition, Multichain also powers the seamless data or message transmission across chains by anyCall, enabling the building of cross-chain Dapps.
Multichain is the leader in the cross-chain sector, with a constantly growing family of EVM and non-EVM chains (currently 74) and deployed bridges (currently 3,100+). Multichain, working hard to push the boundary of multi-chain, envisions being the ultimate router for Web3.