Binance's BUSD is Joining Flow Blockchain

by in Cryptocurrency News

BUSD in Dapper Labs

This week Dapper Labs acquired another important stablecoin. BUSD coin pegged to the U.S. dollar and is pretty popular. It is one of coins to have received regulatory authorization from the New York State Department of Financial Services. As for Dapper Labs, it represents blockchain-based games CryptoKitties and NBA TopShot.

Flow appeared because of the technical issues CryptoKitties met on Ethereum. Among Dapper's partners, there are a lot of influential and famous companies like Warner Music Group, Ubisoft, the Ultimate Fighting Championship, etc.

The new collaboration with Binance creates further opportunities for Flow developers. They will be able to use BUSD in their decentralized applications (DApps). BUSD will become available for millions of Flow users.

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Dapper Labs’ NBA Top Shot, the first game launched on Flow was a real sensation and had a huge success. It has made over $2 million in income due to the sale of collectible NFTs. Playing this game, people have a chance to get together as well as be engaged in the defining moments of crucial events of NBA. Then the players can trade their experience on Top Shot’s marketplace. At first, USC will be practised in NBA Top Shot which will allow settling credit and debit card funds for the game.