Binance USD (BUSD)

Binance USD is a US Dollar backed stablecoin, the result of a partnership between cryptocurrency exchange Binance, and a leader in the stablecoin space, Paxos. 

The Binance USD coin is a fiat-collateralized cryptocurrency, hard pegged 1:1 to the US Dollar, that offers users the ability to transact with other digital blockchain-based assets. As a stablecoin, Binance USD minimizes the volatility risks typically associated with cryptocurrencies.

Binance USD (BUSD) To USD | BUSD Conversion Calculator

What is Binance USD (BUSD)?

Binance USD was founded to improve the decentralized financial ecosystem with a frictionless global network, allowing digital assets to add accessibility, flexibility, and speed to transactions at scale. Binance USD coins are ERC-20 tokens, issued on the Ethereum blockchain. Each Binance USD coin is backed by one US dollar, held in FDIC insured US bank accounts owned by Paxos, who have partnered with Binance to meet stablecoin regulations. To date, Binance USD is one of only three stablecoins that have been approved by U.S. regulators.

Binance USD (BUSD) Market Price Ticker Chart

About Binance USD (BUSD)

Since the launch of Binance USD, Binance has expanded on the platform itself, trading to include 48 different trading pairs with USD. This allows investors and traders to trade the token against the world’s top cryptocurrencies and leveraged tokens.