Replies to post #1964 on ~All Crypto~De-Fi~Reflections~Micros~Large Cap Cry

[user823285]

Maybe you mean BNB (BEP20) which is the token standard on the Binance Smart Chain to which SD's are paired. BNB (BEP20) is backed by BNB (BEP2) which is basically the main Binance chain.

The Binance Smart Chain exists because it runs a different algorithm to be to handle smart contracts and interact with dApps. It is an Ethereum fork (ERC20).

[xZx]

it's not about BNB being pegged to anything. BTC, ETH, all big cap cryptos, including BNB are dropping as markets fear the backing of UST (and any stablecoins) backed with commercial paper, so what about BUSD?

hasn't BNB been purchased to a large extent with BUSD?

we all own a lot of tokens that trade in BNB, so it's a question worth asking.

look at the tonal change in just a few days:



and now...