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Binance USD (BUSD) Now Live on Paxos

We’re proud to announce that as of today, the new stablecoin Binance USD (BUSD) is now available on the Paxos platform. As we announced last week, BUSD was developed in partnership with Binance and approved for our issuance by the New York State Department of Financial Services. This means that BUSD is among the very few regulated crypto-assets, ensuring that any assets held in BUSD have the highest protections available. This is an exciting step towards bringing greater stability and transparency to crypto markets. 

On the Paxos platform, verified customers can always buy/redeem BUSD 1:1 for U.S. dollars, with zero fees. The week of September 16, it will be available on the Binance exchange and initially trading against BTC, BNB and XRP with more to come soon.

Company Profile

About Paxos
Paxos is the leading regulated blockchain & tokenization infrastructure platform. It’s redefining financial markets by building prudentially regulated solutions that enable the instant movement of any asset to anyone in a trustworthy way. 

CEO & Co-Founder

Charles Cascarilla is the CEO and co-founder of Paxos, a regulated blockchain infrastructure platform that enables the movement of all assets in a trustworthy way. With more than 20 years of experience in financial services, Charles has a unique perspective on integrating blockchain technology with traditional systems. He co-founded institutional asset management complex Cedar Hill Capital Partners in 2005 and its venture capital subsidiary, Liberty City Ventures, in 2012.

Founded
2012

Media Inquiries
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Brand
Paxos Brand Resources

Investors
Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital, PayPal Ventures

Products
Crypto Brokerage, Stablecoin & Payments, Securities Settlement, Commodities Settlement