Details about Wrapped BUSD (Allbridge from BSC) cryptocurrency
Wrapped BUSD (Allbridge from BSC)
ABBUSD
1+ (click to see list)
€888
1,503,303
3.176
Unknown
https://allbridge.io/
@Allbridge_io
814146x
€763446
Wrapped BUSD (Allbridge from BSC) price charts
ABBUSD exchanges
Wrapped BUSD (Allbridge from BSC), the crypto
Wrapped BUSD (ABBUSD) is an ERC-20 token that represents BUSD, a stablecoin that is pegged to the U.S. dollar. Allbridge is a decentralized bridge that connects different blockchains and allows for the transfer of tokens between them. The Wrapped BUSD token is created when BUSD is transferred from the Binance Smart Chain (BSC) to the Ethereum network through the Allbridge platform. This allows for BUSD to be used on the Ethereum network and in Ethereum-based decentralized applications (dapps).
The point
The main point of Wrapped BUSD (ABBUSD) is to provide interoperability between the Binance Smart Chain and the Ethereum network. By creating a wrapped version of BUSD on the Ethereum network, users can use BUSD in Ethereum-based dapps and take advantage of the benefits of both networks.
The problem
Wrapped BUSD (ABBUSD) solves the problem of limited interoperability between different blockchain networks. By using the Allbridge platform to create a wrapped version of BUSD on the Ethereum network, BUSD can be used in Ethereum-based dapps and take advantage of the benefits of the Ethereum network. This increases the utility and flexibility of BUSD and makes it more accessible to users in the Ethereum ecosystem.
Compare ABBUSD and BTC performance
| Timeframe | ABBUSD | BTC |
|---|---|---|
| 1h change | -0.212672 % | -0.853486 % |
| 24h change | -0.6 % | -4.99137 % |
| 7 day change | 0.5 % | -12.912 % |
| 14 day change | 0.81 % | -5.29254 % |
| 30 day change | 1.74 % | -4.44648 % |
| 200 day change | -0.62 % | 123.665 % |
| Year change | 2.38 % | 111.959 % |