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Binance USD Becomes The Latest Stable Token To Launch On Dapper Labs’ Flow Blockchain

Binance USD, the US dollar stablecoin of Binance, has become the latest stable token to launch on Dapper Labs’ Flow blockchain.

It has been reported that the news comes just days after the platform added the rival USD Coin (USDC) stablecoin.

However, the new partnership will allow developers to build on Flow to permissionlessly integrate BUSD into their decentralized applications (DApps), with the firms asserting that BUSD will open the door to developers looking to build stablecoin-powered decentralized finance (DeFi) applications on Flow.

Developers building on Flow can now integrate BUSD into their decentralized applications — Cointelegraph (@Cointelegraph) September 18, 2020

Samuel Lim, the Chief Compliance Officer of Binance, said:

“We believe decentralized entertainment and games will play a leading role in accelerating crypto adoption. Our partnership with Flow and Dapper’s track record will bring BUSD into the hands of millions of consumers.”

Likewise, with Dapper having inked partnerships with top global entertainment firms including Warner Music Group, Ubisoft, the Ultimate Fighting Championship, and Dr. Seuss, the Flow blockchain is showing promise for consumer-scale products and applications.

Thus, earlier this week, Dapper also partnered with financial services company Circle to bring USD Coin (USDC) to Flow as a settlement solution, as Top Shot will be the first Flow Dapp to integrate USC, which will be used to finalize credit and debit card payments for the game.

Source: Cointelegraph | Image: Bitcoin News



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