We got to thinking recently: If the goal of digital assets is to make markets more accessible and moving money across countries, platforms, and devices seamlessly, how could we make movement of funds to and from Binance.US easier?
Moving between exchanges should be smooth so we made it easy to deposit USDC and convert it to BUSD for free, price-stable at $1.00. BUSD is able to be sent to over 40 exchanges around the world and traded with other digital assets such as BTC, ETH, XRP, or ALGO in Binance.US.
Starting from Wednesday March 4, 2020 at 6:00pm PST / 9:00pm EST, users will be able to deposit USDC onto Binance.US and convert to BUSD at the rate of 1:1 with zero fees.
Stablecoins enable secure payments, encourage crypto adoption, and are being used in revolutionary new financial applications. Binance.US is your new gateway to the crypto world, and we are lowering the barrier to US users.
Follow these steps to convert your funds and start trading:
Deposit USDC to your Binance.US USDC address from another exchange or wallet
Go to “Buy Crypto” at the top of the Binance.US home page and click “Convert”
Enter the amount you wish to convert
Confirm the conversion
Binance.US is a fast and efficient marketplace providing access and trading across a diverse selection of digital assets. We will continue evaluating coins, tokens and trading pairs to offer on Binance.US in accordance with our Digital Asset Risk Assessment Framework, community feedback, and market demand.
About BUSD and USDC
BUSD is a price-stable ERC-20 token issued by Paxos Trust Company. Each BUSD you hold corresponds to 1 U.S. dollar in the bank account to ensure that you can always buy and redeem your asset anytime with 1:1 pegged US dollars.
USDC is an ERC-20 token issued by Centre, and is 1:1 USD-backed by U.S. dollars.