For many investors, BUSD is the token of choice for long-term storage. To extend users’ opportunities to increase profits when holding BUSD, starting from November 6, 2021, ONUS officially activated the Staking Daily feature for Binance USD (BUSD).
Accordingly, when storing from 100 BUSD on ONUS application, users will receive a profit of 6.2%/year, equivalent to 0.0165%/day. Interest is paid daily in VNDC, calculated based on users’ BUSD balances at 0:00 UTC+7 every day.
About Binance USD (BUSD)
Binance USD (BUSD) is a stablecoin pegged at a 1:1 ratio to the US dollar, issued by the world’s largest exchange – Binance in partnership with Paxos Trust. BUSD is exchanged at the rate of 1 BUSD = 1 USD, whereby BUSD is a stable currency used to purchase other digital assets and minimize the risk of price fluctuations.
Three primary attributes of BUSD are its ease of use, high flexibility, and fast transaction speed. Users can easily trade BUSD on different exchanges, easily converting from BUSD to USD.