Busd

About Busd

Binance USD (BUSD) is a regulated stablecoin pegged one-to-one to the US dollar, issued through a partnership between Binance and Paxos Trust Company. What sets it apart is its approval from the New York State Department of Financial Services, giving it a level of regulatory credibility uncommon among stablecoins. Users can mint and redeem BUSD directly at a fixed rate of one dollar. Originally prominent across BNB Chain and broader DeFi ecosystems, BUSD served as a key trading pair and liquidity tool on Binance before Paxos halted new issuance in 2023.