Binance, the leading global cryptocurrency exchange has announced the issuance of BEP2 versions of digital coins- XRP and BUSD on its highly reputed Binance Chain.
By lending support to XRP and BUSD through their addition in the list of supported interoperable tokens, the platform has now enabled users to enjoy deposits and withdrawals of interoperable tokens to their opted networks via the exchange’s web interface with utmost convenience.
About BEP2 XRP Token:
The XRP-BF2 will work as a pegged token which will help in tracking down the value of the native digital asset currency of the XRP ledger system. Having supported by XRP assets in the 1:1 ratio, XRP-BF2 token is launched on Binance Chain (BEP2) and will be tradeable on Binance DEX. XRP ledger’s native coin XRP and BEP2 XRP are synchronized and are bidirectionally convertible in nature.
About BEP BUSD:
The US-denominated stablecoin, BEP USD is issued in collaboration with Paxos Trust Company. The coin has received approval from the New York State Department of Financial Services (NYDFS). On the Binance Chain, BUSD is present for direct purchase as well as redemption at a price of 1 BUSD= 1 USD. It is now available as both an ERC-20 token as well as a BEP2 token.