Next generation decentralized financial ecosystem and asset transformation payment
Why BUSD?
"Gilt-edged Bond" Level of Credit
A Stable Coin
BUSD is a price-stable encrypted digital currency backed by US dollars.
Rigid 1:1 Parity
Each BUSD has 100% of its value collateralized by US dollar assets stored away in a third-party bank account. The value of assets in reserve will always be greater than BUSD in circulation.
Legal Compliance
The Foundation holds relevant operation licenses issued by financial regulatory bodies, accepts legal supervision, and insists on compliance with AML/CTF law. Users who have completed a KYC/AML verification can exchange BUSD to USD at any time.
Intelligent Security and Protection
In order to better protect users, BUSD supports soft/hard freezes on assets, notifies users of each transaction, and allows for assets to be tracked in the event of theft or fraud.
New Exchange Standard
Completely Transparent
Audits and inspections from third-party institutions are accepted, and audit reports will be released regularly. Information on reserve assets will also be disclosed regularly.
High-speed
BUSD operates on the Fincubate (FCB) blockchain, which will support a very high throughput. Eventually, the FCB blockchain will have a throughput that surpasses ETH (25TPS) and XRP (1500TPS). High scalability ensures support of high-frequency operations and faster payment capabilities.
Smart Contracts
The minting and burning of BUSD is performed through smart contracts. The contracts use identity-based multi-signature to simultaneously “unlock” BUSD.
Asset Custody
User funds will never be exposed to the BUSD team, as all funds are directly settled through an escrow account.
Who Does BUSD Serve?
As a stablecoin developed and operated on a blockchain specifically designed for financial applications (FCB blockchain), BUSD serves all types of users and people around the world. These users include, but are not limited to:
Cryptocurrency Investors
BUSD provides investors with a hedging tool against the fierce price fluctuations in certain cryptocurrency markets, allowing them to maintain purchasing power.
Consumers
BUSD makes cross-border payment safer, more convenient, and cheaper than other methods available to consumers. Consumers can avoid carrying cash around, paying high exchange fees, and exchange risks by using BUSD. International shoppers and other consumers can shop with peace of mind, safe in the knowledge that they are safe from fraud.
Financial Services
As institutional investors get into the cryptocurrency market and create financial derivatives, the need for a safe entry point and method of storing value becomes more apparent. BUSD allows users to enter the cryptocurrency market without immediately exposing themselves to risk.
Businesses
Cross-border remittance with BUSD is faster and cheaper to businesses in comparison to methods used today. Traditional cross-border payment is in need of an upgrade, and BUSD works in tandem with payment data to provide enterprises with the industry solutions and customized data analysis needed to make that upgrade.
How does BUSD Work?
Fincubate
Fincubate (FCB) is a blockchain developed specifically for financial applications. BUSD is working with the FCB team to be the first Dapp running on this blockchain. FCB’s high throughput allows it to sustain the stress of daily transactions without the network becoming congested. FCB offers a variety of new and innovative features. The FCB blockchain is designed from the ground up with privacy and security in mind, allowing users to run Dapps and other features of the chain without worry. The Fincubate blockchain can help connect services around the world and create a new financial ecosystem that promotes the free flow of value.
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