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What is BUSD Stable Coin & Why does it Matter?

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What is BUSD stable coin and how does it work?

Tether USDT is a cryptocurrency token issued on the Bitcoin blockchain. Tether differs from other cryptocurrencies in that it is backed by real-world assets, including fiat currencies and commodities. This approach helps to reduce volatility and provide stability for Tether users.

Stable coins allow entry into cryptocurrency

BUSD Stable Coin is a new cryptocurrency token that is pegged to the US Dollar. BUSD aims to provide the same benefits as Tether USDT, but with a more transparent and decentralized approach. BUSD is built on the Ethereum blockchain and is backed by a reserve of US Dollars. BUSD tokens can be purchased and redeemed on the Gemini exchange. Unlike Tether, which is only available to select investors, BUSD is available to anyone who wants to use it.

BUSD Stable coin is not volatile

Both Tether USDT and BUSD Stable Coin offer a way to reduce volatility and stabilize prices in the cryptocurrency market. However, Tether has been criticized for its lack of transparency, while BUSD offers a more decentralized and open approach. When choosing a stable coin, it is important to consider your needs and preferences.

Why is the BUSD stable coin important for businesses and consumers alike?

The crypto industry is still in its early stages, and there are a lot of uncertainties. Prices are volatile, and there’s no guarantee that you’ll be able to cash out your crypto for fiat when you need to.

The role of BUSD and other stable coins

This is where stable coins come in. A stable coin is a crypto asset that is pegged to a real-world currency, like the US dollar. This means that it will maintain a constant value, regardless of what happens in the crypto markets. For businesses and consumers alike, this stability is essential. It makes it much easier to budget and plan for expenses, without having to worry about sudden price swings. And because BUSD is pegged to the US dollar, it’s easy to exchange it for fiat on crypto exchanges. This makes it a great choice for anyone who wants the benefits of crypto without the volatility.

How can the BUSD stable coin be used to improve the global economy?

The BUSD stable coin is a digital currency that is pegged to the US dollar. This means that it can be used to transact in US dollars without the need for a bank account or credit card.

The benefits of BUSD Stable coins

The benefits of this are obvious – it can help to reduce costs, speed up transactions, and make it easier for people to transact in different currencies. In addition, the BUSD stable coin can help to improve the global economy by providing a more stable currency while having a foot inside the crypto space.

Many countries around the world suffer from inflation, which can erode the value of their currency and make it difficult to conduct trade. By pegging the BUSD stable coin to the US dollar, it can help to provide a more stable currency for international trade. This could lead to increased investment and economic growth.

What are some of the downsides associated with using a BUSD stablecoin and how Toon Finance answers them?

There are a few potential downsides to using a BUSD stablecoin. For one, as the value of BUSD is pegged to the US dollar, there is little to no chance for the coin to appreciate in value. This means that users who hold BUSD may miss out on potential profits if the USD begins to rise in value against other currencies. Additionally, as BUSD is backed by USD reserves, it is subject to the same economic conditions as the US dollar. This means that if the US economy weakens, the value of BUSD could also drop.

Toon Finance Tokens answer the downsides of BUSD stable coins

Fortunately, Toon Finance coins offer a solution to both of these problems. First, as Toon coins are not pegged to any fiat currency, they have the potential to appreciate in value if the USD starts to decline against other currencies. Additionally, as Toon coins are not backed by any fiat currency, they are not subject to the same economic conditions as traditional fiat currencies. This means that even if the US economy weakens, the value of Toon coins is not likely to be affected. As a result, Toon Finance coins offer a more stable and less risky investment opportunity than BUSD stablecoins.

How can you buy or sell a Toon Finance Token using BUSD stable coin?

Toon Finance Tokens can be bought or sold on Toon Swap, a decentralized exchange (DEX) that is part of the Toon Finance ecosystem. Toon Swap allows users to trade TOON tokens in a secure and decentralized way, and it is integrated with the Toon Finance smart contract system. This means that all trades on Toon Swap are automatically executed and settled on the blockchain that Toon Finance use.

BUSD Stable coin is a partner to Toon Finance Tokens

Toon Swap is also being designed to be user-friendly, with an intuitive interface that makes it easy to buy or sell TOON tokens. In addition, Toon Swap is integrated with popular DeFi protocols, which allows users to earn interest on their TOON holdings.

What are some of the benefits of using a BUSD stablecoin in Toon Swap DEX?

Toon Swap is a decentralized exchange that allows users to convert their TFT (Toon finance tokens) into other forms of currency.

Will Toon Swap offer BUSD stable coin?

One of the benefits of using Toon Swap is that it is planning to offer a stablecoin called BUSD. BUSD is pegged to the US dollar, so it’s a great way to protect your investments and growth. Plus, with Toon Swap you can earn interest on your BUSD holdings if you exchange it for tokens with staking features. So not only is BUSD a great way to grow your investment, but it’s also a great way to earn some extra income.

 

Website: https://toon.finance/

Presale: https://buy.toon.finance/

Twitter: https://twitter.com/ToonSwapFinance

Telegram: https://t.me/ToonSwapFinance

CoinMarketCap: https://coinmarketcap.com/currencies/toon-finance/

Thank you.

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Today is Sunday, and I want to use it to THANK Reverend Fathers who have massively supported our Tekedia Institute programs. A few weeks ago, the support team told me that many Reverend Fathers are enrolling in our programs. No one knew what was happening. But today, we just learned that Rev Fr. Dr. Chidiebere Obiodu of Catholic Diocese of Okigwe has been sending priests to our program.

As I thank Fr. Obiodu, I also want to thank Patrick Femi of St. Patrick, USA, who funded many scholarships to our programs. And he developed a new course “Ethics in Business” which will anchor our 2023 curriculum. He will be leading a live session which we will make public.

We treasure these moments… similar to the day 47 medical doctors from Lily Hospital systems enrolled to spend 6 months with us. We appreciate the support. CEOs/Founders, work hard for priests to recommend your services. Yes, you will have great numbers. Lol.

Bola Tinubu Should Not Diminish His Biggest Accomplishment – Skipping Primary and Secondary Schools

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Many have asked me to comment on Bola Tinubu’s certificate saga, I am not really interested in that. The only thing I can do here is to make my certificate public (here). I hope if you are running for a ward councillorship in Nigeria, you will be decent enough to do so if people ask. Hopefully, you get some votes for doing just that.

Politics aside, Senator Tinubu has an uncommon capability to demonstrate that as a young man he possibly outperformed. Yes, he might not have attended any primary or secondary school , due to life issues, but he attended a university and graduated. In my village in Ovim, we have two brothers who wrote and passed ICAN (Institute of Chartered Accountants of Nigeria) right out of secondary school  without ever attending any post-secondary school. One of those brothers later became a CEO of one of Nigeria’s largest conglomerates and today is the CEO of the largest most diversified investing firm in Nigeria. His brother founded a finance house and managed many financial institutions. 

But not attending primary and secondary school  is uncommon – and if indeed that was Tinubu’s case, he has a message. His advisors should tell him to own that and make it a positive. I am grateful that I went to primary and secondary schools in Ovim. But if I had not, and still attended FUTO, that would be the biggest part of my resume: “no primary or secondary school education but a competent college graduate”.

I met the founder of Laureate Education in Baltimore a few years ago. He owns many universities around the world. But he never attended any university. As we chatted, I saw a big irony: he skipped university but decided to create dozens for people!

That is BAT’s case: there is no need to hide the uncommon accomplishment of skipping primary and secondary education, and yet rose to become the governor of Lagos State. Is that not what American bestsellers write? By making this look abnormal with clusters of opaqueness, he diminishes an uncommon life story. Come out and tell young people: “many of you here are grads. My family could not even send me to primary and secondary school. But against all odds, I attended college through waivers and here I am. You can do better than me”. 

While the Youth Leader in RCCG Jos during NYSC, I preached a message when the National Assembly was removing ex-speaker Salisu Buhari. In that message, I said that we must learn many things here: this guy forged his age to become older because he possibly outperformed age limits. I asked the congregation to learn from his faults and the miry clay he found himself. Tinubu should own his background because that is uncommon and really cool. Who did not attend primary school here? Then add secondary school education.

This election is important for Nigeria; I am extremely unhappy that the big 3/4 are not debating. Nigerians must compel them instead of softball managed town-halls.

Comment on Feed

Comment 1: Even the university he is said to have attended….a subpoenaed document from Chicago State University contains information that does not correspond with the details he submitted on his INEC EC9 form.
You can read more here: https://t.co/yw9zFEepoT

My Response: Even on that university certificate, the school confirmed he did attend. He also graduated from the school record. What confuses me is why he would use an internet certificate when his real school could have sent him one, overnight first class mail. The semantics of graduating on say 22nd or 27th is none issue. If you asked me the exact date I finished from FUTO, I am not sure it will match what the school has in its records: for me, it was the day I defended. But the school can pick the day senate approved the degree.

The core issue for Mr. Tinubu is using internet certificate when the school could have sent him a real one. It is simply unreal indeed!

Comment 2: …”many of you here are grads. My family could not even send me to primary and secondary school. But against all odds, I attended college through waivers and here I am. You can do better than me.” This would have been a better selling point. However, in this case[for the reasons best known], such “an uncommon accomplishment” has been completely, consistently denied and[in the process] totally diminished.

Comment 3: People can keep chasing shadows about Bola Tinubu.
He has demonstrated uncommon ability on many fronts.
Instead of focusing on substance, many of his social media detractors continue to chase shadows about him.
His accomplishments in and off politics should have elevated the debate beyond primary and secondary school certificates. But this is Nigeria where we spend most of our times on sentiments and pedestrians issues.
Someone rose to become the Treasurer of Mobil Oil in record time and we are here debating whether he attended primary and/or Secondary School.
Someone who was Governor of Lagos State for two terms and has remained the main driver behind the development of Lagos State for more than two decades.
I hope some people will not commit suicide if INEC eventually declares Bola Tinubu as our President-elect in February 2023.
To proactively preclude suicide, I think it’s time for those vehemently opposed to him to start given some serious thoughts to the possibility of Bola Tinubu becoming our next President!

My Response: I am not sure this comment helps the nation. People who are asking are not chasing shadows. We need to be fair, balanced and objective in Nigeria. In 1999, Nigeria removed a speaker because he lied about his age (he was younger than his age). A senate president was removed because he said he was called to the bar (he was not), being open matters. I have not written this to suppress this agitation, rather to ask BAT to change his mind and address it.  Nigeria has a right to debate and ask questions just like if someone is coming to work for your company or office, you ask for basic background to hire/engage. My point is that a man who has accomplished these things should own up to them and use them as pillars of his candidacy.

My First Day in America and Kindness of Diamond Bank Lagos

The Coinbase’s email to users – “A more transparent and secure crypto exchange”

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Coinbase, a cryptocurrency exchange, sent this message to assure its users that it would not be another FTX. It titled it “A more transparent and secure crypto exchange”.

With the recent liquidity issues in the crypto markets this week, we want to reiterate how Coinbase’s business is different and ultimately better protects your account & digital assets.

For the last 10 years, we have built Coinbase in a way that allows us to be transparent about our track record and balance sheet strength, and effectively and prudently manage risk for our 108+ million customers and ourselves.

See below for more information about how we keep your funds safe:

Healthy Financials: Our public, audited financials confirm our financial strength and ample liquidity — we largely hold our assets in USD. We ended Q3 with $5.6 billion in total available USD resources, including $5 billion in cash and cash equivalents.

We hold your Assets 1:1: Coinbase holds customer assets 1:1, and we won’t lend those assets without your consent. This means funds are available to our customers at any time.

Transparent: We are the largest publicly traded crypto exchange in the world, and we’ve been around for a long time, serving customers for over 10 years. Our financial statements are public and released quarterly.

U.S. BasedCoinbase is based and incorporated in the U.S. We are seeking to work within the U.S. system, because we believe that transparency and trust are essential.

Your Funds, Your Choice: Coinbase doesn’t use, or lend, your assets without your permission. Also, we offer one of the most secure and multifaceted risk management programs designed to protect our customers’ assets. This blog post details our prudent approach to risk management and how we keep our customers safe.

Industry-Leading Security: The technology that powers our platform was developed with industry-leading security and encryption at its core. Our security team is constantly working to make sure you and your assets are protected from emerging threats. Learn more.

Rocketize Token Could Be Your Ticket To The Moon While Quant And VeChain Stay Grounded

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The crypto industry is one that never runs out of ideas. First, altcoins, then meme coins, and now versatility in those meme coins is making the crypto market alive. You might have mostly seen meme coins on pets and pups, but here is the new market king that shows you to fly into space. Rocketize Token (JATO) comes with an awesome meme of a man wearing a spacesuit, all set to take off. This meme coin came with a comprehensive plan to be in the top-tier currencies of the crypto market.

All About Rocketize Token (JATO):

Rocketize Token (JATO) is the one to look for as its meme is not just imaginary. It has announced support for the research and science department that is focused on achieving space travel in the future. This meme coin is based on BNB smart chain, and it follows a BEP 20 standard of functionality. Rocketize Token (JATO) wants to be the Neil Armstrong for the Defi industry.

Future Is JATO

Rocketize Token (JATO) believes that human beings are just one step away from being the most developed ever in their history and wants to take that one big step. Its coin is coded as JATO, which stands for Jet Assisted Take-off. It shows us the high ambitions to attract the maximum number of people and keep going to the top of the market. Its community is committed and powerful, aptly named Atomic Nation. Atomic Nation is what makes all the plans for this meme coin, and will help steer it to the top.

Rocketize Token offers Tax Benefits

Some people think that tax is what makes any crypto challenging for investment. Rocketize Token (JATO) is all set to break this jinx. Anyone who trades the Rocketize Token (JATO) will have to pay a 2% tax according to its total transaction. However, things don’t end here. If anyone from the atomic nation holds the wallet, they will benefit from one-half of the tax as a cashback. Simplified, the taxes paid return as an earning for you.

Burn Baby Burn

A burn policy has given rise to many falling crypto coins. That tells us the importance of burning the coins. Rocketize Token (JATO) has made this policy a permanent part to increase its value. It came up with one trillion tokens at the launch, and its burn policy will burn half of them. Future endeavors also include a burning policy, as the Atomic Nation believes in the Chicken Before the Egg mantra.

NFTs Planned

Non-Fungible Tokens are arguably the best part of the crypto world. They mostly work to provide ease to human life. Many NFTs are part of Rocketize’s plan. Rocketize Token (JATO) is now focused on producing an eCommerce platform for its investors to provide an easy trading platform to NFTs.

Can Rocketize Token (JATO) Compete with Quant (QNT)?

Rocketize Token (JATO) has just jumped into the market, and its presale has seen a significant response. The question is can it compete with legend coins in the market? For example, Quant (QNT) is one of the finest marketers with a market cap of around 1 billion USD. Its trading volume and value are also the finest when compared to others. Quant (QNT) is an Operating System for different blockchain networks. It believes in providing interoperability between different platforms.

What is VeChain (VET)?

VeChain (VET) is one of the coins that has provided immense profit to its investors. It started from the ETH platform but soon began its blockchain network in 2018. VeChain (VET) uses a particular coin VTHO, for its transaction taxes. It follows the proof of Authority algorithm that is said to provide more power to the Miners. Compared to Rocketize Token (JATO), we can call JATO pure DeFi.

 

For more information on Rocketize Token (JATO), you can visit the following links:

Presale: https://rocketize.io/buy 

Website: http://rocketize.io   

Telegram: https://t.me/RocketizeTokenOfficial