New updates and acquisitions from Binance are not really suprise. These are the constant activities of this exchange but it is grabs attention.
Binance introduces the fully decentralized stable Coin Protocol, Venus which runs on the newly launched Blockchain network Binance Smart Chain in backend with native token of binance BEP - 20, which has its own standards.
Binance’s CEO, Changpeng Zhao (CZ) noted that Venus is something between Compound and MakerDAO, at least when it comes to the way it works.
This protocols also lets traders to stake binance based tokens such as BNB, BUST and it also planning to launch XVS token which could be listed as the trading pair with bitcoin and BNB.
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