A 1:1 USD-Backed Stablecoin Approved By NYDFS With Paxos.
Share this article
BUSD is a 1:1 USD-backed stablecoin approved by the New York State Department of Financial Services (NYDFS). It is issued in partnership with Paxos and can be issued and redeemed without any extra fee.
BUSD runs on both, Ethereum, as an ERC-20 token, and on Binance Chain as a BEP-2 token.
BUSD is incorporated in multiple exchanges such as Binance.com (with trading discounts), Binance US, and other centralized exchanges.