- BUSD is a digital fiat currency issued as ERC-20 and supports BEP-2.
- Maker (MKR) is the governance token of the MakerDAO and Maker Protocol.
Let us look at the top 3 coins by @LunarCRUSH galaxy score: USDT, BUSD and MKR.
Tether, a Hong Kong-based firm, has created USDT, a stablecoin pegged to the value of the U.S. dollar. Tether, the company behind USDT, is the one to provide a guarantee that the currency’s value would always be linked to the US dollar. Every new USDT token is backed by the exact number of USD that Tether has in its reserves, guaranteeing that USDT is backed by cash and currency equivalents.
According to CoinMarketCap, the Tether price today is $1.00 USD with a 24-hour trading volume of $57,880,957,726 USD.
Binance USD (BUSD)
Stable coin Binance USD (BUSD) is launched by Binance with Paxos partnership. It is a 1:1 USD-backed stable coin. The New York State Department of Financial Services has authorised and regulated it. Moreover, it is an ERC-20-based fiat currency that supports BEP-2.
According to CoinMarketCap, the Binance USD price today is $1.00 USD with a 24-hour trading volume of $4,534,934,274 USD.
MKR is the governance token of MakerDAO and Maker Protocol, a decentralised organisation and software platform built on the Ethereum blockchain, which enables users to produce and control DAI stablecoins on the Ethereum network. Those who own MKR tokens have voting rights over the development of Maker Protocol, and their value is projected to rise in tandem with DAI’s progress. MKR tokens operate as a form of voting share for the corporation that oversees DAI.
According to CoinMarketCap, the Maker price today is $1,816.68 USD with a 24-hour trading volume of $119,421,345 USD.