Regulation & Transparency
Building trust in digital assets with regulated blockchain infrastructure & regulated, fully-backed USD stablecoins.
Binance USD (BUSD)
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.
Why 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
Frequently Asked Questions
Binance USD (BUSD) is a USD-denominated stablecoin approved by the New York State Department of Financial Services (NYDFS), launched in partnership with Paxos and Binance.
Go to Binance.com for direct purchase and trading of BUSD. BUSD is also available on the Paxos platform.
Paxos is the USD custodian and issuer of BUSD.
There are no fees associated with creating or redeeming BUSD.
BUSD is issued by Paxos on the Ethereum blockchain and regulated by the New York Department of Financial Services. Separately, Binance wraps BUSD and issues separate tokens (known as Binance-Peg BUSD) on several blockchains, including BNB Smart Chain, Polygon, and Avalanche. These tokens are unaffiliated with Paxos and not regulated by the NYDFS.
It is important to understand the distinction between BUSD and Binance-Peg BUSD. These are two different products.
Binance USD (BUSD) is a regulated, fiat-backed stablecoin pegged to the US dollar. The Paxos-issued BUSD stablecoin, as well as its reserves, are subject to strict regulatory oversight by the New York Department of Financial Services. BUSD is backed by reserves held in either or both (i) fiat cash in dedicated omnibus accounts at insured U.S. banks and/or (ii) U.S. Treasury bills (including through repurchase agreements and/or money-market funds invested in U.S. Treasury bills).
Binance-Peg BUSD, which is not issued by Paxos and is not regulated by NYDFS, is a separate product. Binance independently mints Binance-Peg BUSD on other blockchains (e.g., BNB Chain, Polygon and Avalanche) and pegs the tokens to BUSD on a one-to-one basis. This allows holders of both tokens to swap tokens between Ethereum and other blockchains.