Blockchain Foundry Inc. announced that it is partnering with Binance to release BUSD, a stablecoin issued by Binance and Paxos, on the Syscoin network. BUSD is an ERC-20 token on the Ethereum network that is pegged 1:1 to the value of USD. BCF will use its Syscoin Ethereum bridge technology to create a Syscoin Platform Token which will be fungible with BUSD and will allow BUSD users to take advantage of Syscoin’s fast, scalable and low-cost transactions while also preserving the ability to leverage Ethereum’s smart contract functionality. This collaboration will also explore the potential to bridge Syscoin, and other blockchains, to Binance Smart Chain in support of BUSD and other Binance chain tokens. Additionally, BCF will explore a potential Bridge as a Service product which will further enhance the existing Decentralized Finance offering with near-instant cross-chain bridging and simplified SDKs for wider adoption. The outcome of these initiatives is to determine if and how Syscoin could be used by BUSD to provide improved security, scalability, and cost-efficiency benefits.