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Cryptopolitan 2019-09-12 16:04:06

Binance’s BUSD stablecoin to go live on September 16

BUSD stablecoin, the highly anticipated stablecoin by Binance, will be trading ready on September 16. Paxos Trust Company has partnered with Binance to create this dollar-backed cryptocurrency. Co-founder of Paxos, Rich Teo told spectators at the CoinDesk’s Invest: Asia Conference on Thursday that the initial Binance U.S. dollars batch has been mined and traders will deal live in these pairs in the coming week. It will become a popular trading pair with Bitcoin and BNB. Paxos Trust Company is currently issuing stablecoins with gold and dollar backing. New York Department of Financial Services (NYDFS) has already given them additional regulatory

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