Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos), Approved and regulated by the New York State Department of Financial Services (NYDFS), The BUSD Monthly Audit Report can be viewed from the official website. Launched on 5 Sep 2019, BUSD aims to meld the stability of the dollar with blockchain technology. It is a digital fiat currency, issued as ERC-20 and supports BEP-2.

BUSD Use Case

Based on the price stability, Stablecoin plays an important role in transactions, payments and settlement, and Decentralised Finance (DeFi).

Here are some of the BUSD use case:

 • Transfer your digital dollars (BUSD) anywhere in minutes, with  • low cost and on the blockchain.

 • Trade BUSD on different exchanges and DEX.

 • Deposit BUSD to earn an interest rate.

 • Pay BUSD as payment for goods and services.

 • Use BUSD as collateral and loan asset.

 • Use BUSD as cross collateral in Futures.

 • Store BUSD on an exchange or in a wallet.

Is BUSD secure and stable?

Paxos Trust Company is the USD custodian and issuer of BUSD. Each BUSD you hold corresponds to 1 US dollar in the bank account to ensure that you can always buy and redeem your asset anytime with 1:1 pegged US dollars.