The BEP-20 token standard allows for the creation of a wide variety of fungible tokens. Programmers benefit from the BEP-20 token standard's versatility and ease of usage. BEP-20 tokens, like ERC-20 tokens, can be used to create stablecoins, represent tokenized securities, or be tied to another cryptocurrency or fiat. Binance's EVM compatibility allows the BEP-20 token to share functionalities with ERC-20 tokens and other Ethereum chain tokens.
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