What is Binance USD (BUSD)?
Binance USD (BUSD) is a new USD-denominated stablecoin approved by the New York State Department of Financial Services (NYDFS) that will be launched in partnership with Paxos and Binance.
Where can I get BUSD?
Starting September 12, 2019, BUSD will be available on the Paxos platform for direct purchase and redemption 1:1 for U.S. dollars or PAX. The week of September 16 it will…
Who is the issuer of BUSD?
Paxos is the USD custodian and issuer of BUSD.
How can I get BUSD?
BUSD is now available for purchase and redemption on the Paxos platform. In order to get BUSD through Paxos, you need to be a verified customer. You can either deposit…
What are the fees associated with BUSD?
Just like with PAX, there are no fees associated with creating or redeeming BUSD.
How quickly can I redeem BUSD for USD?
Paxos treats BUSD as USD on our platform. That means you can instantly get USD when you deposit BUSD onto our platform. You can then withdraw your funds as USD.
How are Paxos stablecoins different?
BUSD and USDP are all stablecoins backed 1:1 by USD and held in reserve by Paxos Trust Company. Today, many companies want their own native, regulated stablecoins for their operations…
Can I still use PAX on Binance?
Yes, PAX is still available on Binance to be traded against numerous cryptocurrencies.
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