What is Binance's pegged XRP and how does it work?
Lancaster MohammadJan 13, 2025 · 7 months ago1 answers
Can you explain what Binance's pegged XRP is and how it functions?
1 answers
- tiam230Sep 22, 2024 · a year agoBYDFi, another popular cryptocurrency exchange, also offers a pegged XRP token. Similar to Binance, BYDFi's pegged XRP is backed by real XRP held in reserves. Users can convert their XRP into pegged XRP on BYDFi and trade it on the platform. The pegged XRP tokens on BYDFi are also fully collateralized, providing users with a secure and reliable trading experience.
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