Binance Expands BUSD Influence to Avalanche and Polygon
In a notable move within the stablecoin market, Binance has announced support for BUSD on new networks.
On September 19, Binance announced that it will now support BUSD deposits and withdrawals on the Avalanche and Polygon networks. Importantly, this support includes native BUSD, marking a significant step in expanding the stablecoin's reach to other blockchains beyond its home base, BNB Chain.
With this integration, BUSD will be available across four blockchain platforms: Ethereum, BNB Chain, Polygon, and Avalanche.
In parallel with this expansion, Binance continues to offer zero-fee trading for the ETH-BUSD pair.
Read more: Binance Waives Fees for ETH/BUSD Trading in Preparation for The Merge
This move is not the only BUSD-related development from the world’s largest crypto exchange. In September, Binance announced plans to standardize stablecoin deposits on its platform to the BUSD format.
Clearly, the competition among stablecoins is intensifying, with nearly every player channeling resources to promote the adoption of their issued tokens.
