Binance is recommending stablecoins such as BUSD as a hedge against sudden price movements experienced in crypto markets, according to the company’s blog.
- The crypto exchange says stable coins are 1:1 secure and regulatory compliant.
- Binance points out that stablecoins allows more convenient trading, with direct wire transfers and Binance cash wallet supporting purchases. Purchases and conversions of stablecoins also come at zero fees.
- The world’s largest crypto exchange says stablecoins are a great alternative to users and businesses in economies with highly volatile fiat currencies.
Besides BUSD, other stablecoins are USDT, USDC, and TUSD. BUSD is up +0.01%, USDT is up +0.01%, TUSD is down -0.01%.