USDC and BUSD now live on PayTrie
We are thrilled to announce the integration of CENTRE’s USDC and Paxos+Binance’s BUSD on PayTrie. Starting today, PayTrie users can buy and sell these additional stablecoins and enjoy the same PayTrie quick, non-custodial experience.
What is USDC?
USDC is a stablecoin backed by US dollars on the Ethereum blockchain. Each USDC token is backed by one US dollar held in reserve by regulated financial institutions. The tokens themselves are issued by regulated financial institutions, with each token redeemable for one US dollar. USDC is created by Centre, with Coinbase and Circle as its founding members.
What is BUSD?
BUSD is a stablecoin backed by US dollars on the Ethereum blockchain. BUSD has received approval from the New York State Department of Financial Services (NYDFS). Each BUSD token is backed by one US dollar held in FDIC-insured US banks. BUSD is created by Binance in partnership with Paxos. Every token can be redeemed for one dollar through Paxos.
We take great care when evaluating which stablecoins to add to our platform. USDC and BUSD have both demonstrated rigorous regulatory compliance, long durations of price stability, full collateralization, and regular audits from reputable audit firms.
To start buying and selling USDC and BUSD, sign up for a PayTrie account at https://paytrie.com. Let us know your comments and suggestions on Twitter or send us a note at support@paytrie.com!
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