coinspeaker.com
Binance, the world’s largest cryptocurrency exchange by volume, will issue a number of crypto-pegged tokens on Binance Chain (BEP2 token format) in the coming days, starting with Bitcoin-Pegged Token (BTCB).
“Pegged tokens such as BTCB, are 100% backed by the native coin in reserve, which is Bitcoin ($BTC) in BTCB’s case,” according to the company’s blog on Medium. “The reserve addresses are published for anyone to audit. The blockchain offers a much easier way to audit a crypto reserve than a traditional bank balance tether.”
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