Regulation & Transparency
Building trust in digital assets with regulated blockchain infrastructure & regulated, fully-backed USD stablecoins.
BUSD
Starting February 21, Paxos will halt minting new BUSD stablecoins. Paxos will allow customers to redeem BUSD for USD or convert their BUSD to USDP. Learn more about the news from our press release.
BUSD
Paxos no longer mints new BUSD, but allows customers to redeem BUSD for USD or convert their BUSD to USDP. Learn more.
BUSD
Paxos no longer mints new BUSD, but allows customers to redeem BUSD for USD or convert their BUSD to USDP. Learn more.
How to Use BUSD
Trade
Use BUSD to trade crypto on Binance
Buy/Sell Direct
Get BUSD 1:1 for U.S. dollars or USDP with Paxos
Hold
Hedge against the volatility of your crypto-assets by holding in BUSD, as stable as the dollar
Transact
Use BUSD wherever ERC-20 tokens are accepted for commerce, loans, payments, etc.
About BUSD
Regulated
Paxos and BUSD are approved and regulated by the New York State Department of Financial Services, ensuring the utmost of consumer protections.
Backed by Dollars
BUSD is 100% backed by reserves held in either or both (i) fiat cash in dedicated omnibus accounts at insured U.S. banks1 and/or (ii) U.S. Treasury bills (including through repurchase agreements and/or money-market funds invested in U.S. Treasury bills).
Transparent
A top auditing firm will attest to the matching supply of BUSD tokens and underlying U.S. dollars on a monthly basis.
“Paxos is leading the digital trusts space and we are excited to work with them in developing our native stablecoin.”
CZ
CEO, Binance
