For every unit of BUSD, there is one U.S. dollar held in reserve.  This is considered to be a gateway from fiat into the crypto market.  It is 100% backed by US dollar.  It is Regulated and Audited.

Many have to state that Binance USD is the best thing about BSC. The idea of being able to earn interest is also impressive.  BUSD is all set to celebrate COPA America and EURO Cup Finals.  The competitive spirit of football is gaining attention.  Binance are launching a fiat trading competition with a prize pool of 50,000 BUSD.

Football championship: trade fiat and share a 50,000 BUSD price pool!  Promotion period: 2021-07-06 09:00 AM (UTC) to 2021-07-12 11:59 PM (UTC)

All VIP 0 and VIP 1 users who successfully complete the set tasks will equally split a prize pool of 10,000 BUSD.  Users should trade a minimum of $200 in BRL, EUR or RUB.  Participants should indicate their partnership by submitting their Binance UID in the form.

The first 10,000 eligible participants get ranked by the time their Binance UIDs are submitted.  They will be awarded 1 BUSD each. If there are less than 10,000 eligible participants, the prize pool of 10,000 BUSD will be split equally.

Users can trade more and earn more. The prize pool of 40,000 BUSD will be exclusive to the top 100 traders by total trading volume (including buys and sells) on EUR, RUB and BRL trading pairs during the competition period.

The rewards for the top 10 winners will be split based on each user’s total trading volume as a proportion of the top 10 users’ total effective trading volume during the competition period.

By terms and conditions:   The top traders are ranked by trading volume (both buys and sells) in BRL, RUB and EUR amount during the competition period and the trading volume applies to both BRL, RUB and EUR spot and margin trades (cross and isolated margin).

Binance will use the local currency to USD foreign exchange rate at 2021-07-12 11:59 PM (UTC) for the calculation of the $200 trade volume requirements and rankings of the top 100 traders

Binance will exclude any wash trades for BRL, RUB, and EUR trading pairs during the competition period.

The sub-account’s and margin account’s trading volume will be combined with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.

The rewards will be allocated in BUSD to winners’ Binance Wallets within 14 days after the competition ends. Users can see their rewards by selecting the Account Center & Wallet Distribution.

Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.  Binance reserves the right to cancel or amend the Competition or Competition Rules at our sole discretion.  Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.