08-03-2020, 07:47 AM
Is Binance USD reliable?
<!-- SC_OFF --><div class="md"><p>I just asked a question in their sub about BUSD and it got removed by mods: <a href="https://np.reddit.com/r/binance/comments/i2hxgc/binance_usd_busd_some_questions_about_backing_and/">https://np.reddit.com/r/binance/comments/i2hxgc/binance_usd_busd_some_questions_about_backing_and/</a></p> <p>The question was very simple</p> <blockquote> <p>I just found out there is this new token there, it is a peg like USDT.</p> <p>So here we go: is it possible to withdraw this token to an actual bank account (claim the fiat)? If yes, which countries are covered?</p> <p>How is this token backed? I mean, I'd use this token if it had better and more clear backing than USDT (and hopefully withdrawal possibility).</p> <p>Thank you.</p> </blockquote> <p>Not sure why would they simply remove the question. Is this token backed by dollars? Is it possible to withdraw it to fiat? That's all I asked. Strange.</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>I just asked a question in their sub about BUSD and it got removed by mods: <a href="https://np.reddit.com/r/binance/comments/i2hxgc/binance_usd_busd_some_questions_about_backing_and/">https://np.reddit.com/r/binance/comments/i2hxgc/binance_usd_busd_some_questions_about_backing_and/</a></p> <p>The question was very simple</p> <blockquote> <p>I just found out there is this new token there, it is a peg like USDT.</p> <p>So here we go: is it possible to withdraw this token to an actual bank account (claim the fiat)? If yes, which countries are covered?</p> <p>How is this token backed? I mean, I'd use this token if it had better and more clear backing than USDT (and hopefully withdrawal possibility).</p> <p>Thank you.</p> </blockquote> <p>Not sure why would they simply remove the question. Is this token backed by dollars? Is it possible to withdraw it to fiat? That's all I asked. Strange.</p> </div><!-- SC_ON --> Kind Regards R