A BEP-20 token is a digital currency that exists on the BNB blockchain. In contrast to the native currency of the blockchain, which is also called BNB, a BEP-20 token does not serve as a means of payment within the blockchain itself. Users and independent developers can create their own BEP-20 token, the administration of which they determine themselves. Technical details can also be configured.
For example, a stablecoin can be created that maps a fiat currency such as the US dollar, but is transferred via the BNB chain. Shipments are to be paid not with the token itself, but with the native currency BNB. The token standard is based on the better-known ERC-20 from Ethereum.