BUSD is a token backed by actual assets, including USD and Euros. One BUSD equals one underlying unit of the currency backing it, e.g., the U.S. Dollar, and is backed 100% by actual assets in the BUSD platform’s reserve account. Being anchored or “BUSD” to real world currency, BUSD provides protection from the volatility of cryptocurrencies.
BUSD enables businesses – including exchanges, wallets, payment processors, financial services and ATMs – to easily use fiat-backed tokens on blockchains. By leveraging Blockchain technology, Tether allows you to store, send and receive digital tokens person-to-person, globally, instantly, and securely for a fraction of the cost of alternatives.
ZEN platform is built to be fully transparent at all times.