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Description

Description


Binance will issue a number of crypto-pegged tokens on Binance Chain (BEP2 token format) in the coming days, starting with BTCB, a BEP2 token pegged to Bitcoin.

Pegged tokens such as BTCB, are 100% backed by the native coin in reserve, which is Bitcoin (BTC) in BTCB’s case. The reserve addresses are published for anyone to audit. The blockchain offers a much easier way to audit a crypto reserve than a traditional bank balance tether.

A trading pair will be created on Binance.com between the pegged token and the native coin, e.g., BTCB/BTC.

Full Name Bitcoin BEP2 (BTCB)
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Website https://www.binance.co/en/blog/347360878904684544/Introducing-BitcoinPegged-Token-on-Binance-Chain
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