Binance, which is one of the largest cryptocurrency exchanges has given an update about its stablecoin, Binance USD (BUSD).
BUSD has been incorporated into the Avalanche and Polygon networks. This move will allow Binance users to carry out deposit and withdrawal transactions across the Avalanche, Polygon, and the BNB Smart Chain network (Binance’s blockchain network).
According to a post on Binance’s official website, it will now accommodate BUSD transactions between five different blockchain networks. This includes the Ethereum network, BNB Smart Chain network, Avalanche network, BNB Beacon Chain, and the Polygon network.
Henceforth, Avalanche and Polygon will allow traders to explore the two ecosystems using the US dollar-pegged stablecoin.
Binance is also planning to support more blockchain ecosystems using BUSD as part of its efforts to continue its expansion, growth, and development.
Binance has also issued deposit addresses for the USD stable coin on the Avalanche and Polygon networks. They are- BUSD (Binance-Peg) on Avalanche network: 0x9C9e5fD8bbc25984B178FdCE6117Defa39d2db39 and BUSD (Binance-Peg) on Polygon network: 0x9C9e5fD8bbc25984B178FdCE6117Defa39d2db39.