Binance Learn & Earn BUSD Quiz - How to Participate

  1. Update your Binance app from Playstore to latest version of visit this Binance Learn & earn quiz webpage directly >> ENTER HERE
  2. Login into your Binance account
  3. Go to homepage & you will see this Binance learn & earn quiz banner
  4. Click on that New chapter of learn & earn BUSD quiz will live from 2.30 PM IST
  5. start the quiz at same time & solve using below already solved Binance BUSD Quiz answers
Binance Learn & Earn BUSD Quiz Answers
Binance BUSD QuizAnswers
1. What is the name of the BUSD-pegged token Binance offers on BNB chain and other chains?Binance-peg BUSD
What is the total supply of BUSD?Just over 22 billion
Which chain is BUSD minted on by Paxos?Ethereum
Who regulates BUSD?NYDFS (New York Department of Financial Services)
Who mints BUSD?Paxos
What fiat currency is BUSD pegged to?U.S. Dollar
BUSD is backed 1:1 with:Cash reserves
How can you purchase BUSD or Binance-Peg BUSD?All are correct
What can BUSD be used for?All are correct
Which of the following descriptions is incorrect?BUSD doesn’t provide a monthly basis attestation report.

About BUSD Tokens

BUSD is a stablecoin founded by Paxos and Binance. Paxos uses blockchain technology to offer their Stablecoin as a Service product to external companies. In the past, they also created a gold-backed stablecoin called PAX Gold (PAXG). The New York State Department of Financial Services regulates both BUSD and PAXG tokens. On a technical level, BUSD is a fiat-backed stablecoin that maintains a U.S. dollar peg. An amount of U.S. dollars equal to the total supply of BUSD is held in custody by Paxos, acting as its reserves in FDIC-insured U.S. banks or backed by U.S. Treasuries. When the price of the U.S. dollar rises or falls, the price of BUSD also does in equal amounts. This is the most common and traditional model of stablecoin.

Terms and Conditions Of Binance BUSD Quiz 

  • All eligible users are required to complete KYC to receive rewards from this activity. Illegally bulk registered accounts and sub-accounts shall not be eligible to participate or receive any rewards. Rewards are limited and are available on a first-come, first-served basis. Users can only claim the reward for each course after completing the respective quiz. There will be caps imposed on the amount of rewards available to eligible users per country/region. Eligible users may complete multiple quizzes to claim multiple rewards. Users will not be able to participate in this activity once all rewards are distributed.The actual value of the reward received is subject to change due to market fluctuation.

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