Binance USD
Binance USD is a U.S. dollar–pegged stablecoin issued in partnership with Paxos and approved by U.S. regulators. It is backed 1:1 by cash and cash equivalents and primarily used within the Binance ecosystem for trading and DeFi. BUSD has been praised for its regulatory standing but has faced restrictions from U.S. authorities in 2023. Paxos has since ceased issuing new BUSD tokens.
| Binance USD | |
|---|---|
| Symbol | BUSD |
| Type | Fiat-backed |
| Collateralization Method | Cash & Treasury Reserves |
| Pegged To | USD |
| Issuer | Paxos/Binance |
| Blockchain Support | Ethereum, BNB Chain |
| Market Cap Rank | 4 |
| Reserve Transparency | High (Monthly Audits) |
| Stability History | Generally Stable |
| Primary Use Cases | Trading, DeFi, Binance ecosystem |
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