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12.8M
Drawn BUSD today
Drawn BUSD today
Drawn BUSD today
2561
# Number of participants
# Number of participants
# Number of participants
6 DAYS
Drawing ends in
As of Sep 3, 2023
Convert Stablecoin
0 Fees
Zero transaction fees for BUSD/USDT.
Convert to BUSD
Hot
Purchase with Fiat
0 Fees
Purchase 1:1 with USD via wire transfer, or top up
your Binance Spot Wallet with other currencies to
exchange to BUSD.
Trade on Binance
Supported in 300+ trading pairs when exchanging
other tokens to BUSD.
Trade BUSD
Upholding High Standards that Build Trust
BUSD is fully regulated by a primary prudential
regulator - the New York State Department of
Financial Services (NYDFS), offering the highest
level of consumer protection. All reserves are
held 100% in cash and cash equivalents; hence
customer funds are always available for 1:1
redemption.
Fully Segregated Assets
With fully segregated bankruptcy-remote accounts,
assets held in custody would be returned to their
rightful owners even if the custodial trust became
insolvent.
Mass Adoption
BUSD is available on over 30 exchanges and has
many popular use cases. Explore BUSD’s mass
adoption and access your funds 24/7 with this
blockchain-based solution for payment.
Total Net Assets
U.S. Treasury Debt
U.S. Treasury Collateralized Reverse Repurchase
Agreements
Cash Deposits
MAY Amount (%)
5.28B
2.37B (44.92%)
2.90B (54.96%)
6.31M (0.12%)
APR Amount (%)
6.34B
0.49B (7.72%)
5.84B (92.12%)
9.91M (0.16%)
Binance
BNB Chain
Avalanche
Polygon
Tron
Optimism
Paxos
Coinbase
Crypto.com
GEMINI
CoinMarketCap
PancakeSwap
Binance Pay
Binance US
Kucoin
Curve.fi
Uniswap
AAVE
CoinGecko
Bitpay
Binance
BNB Chain
Avalanche
Polygon
Tron
Optimism
Paxos
Coinbase
Crypto.com
GEMINI
CoinMarketCap
PancakeSwap
Binance Pay
Binance US
Kucoin
Curve.fi
Uniswap
AAVE
CoinGecko
Bitpay
1. What is BUSD? And how does it work?
BUSD is a stablecoin pegged to the US Dollar
(USD), issued by Paxos. Approved by the NYDFS,
BUSD is available for purchase and redemption at a
rate of 1 BUSD to 1 USD.
In addition, BUSD is green-listed by the NYDFS, making it pre-approved for custody and trading by any of the NYDFS’ virtual currency licensees.
In addition, BUSD is green-listed by the NYDFS, making it pre-approved for custody and trading by any of the NYDFS’ virtual currency licensees.
BUSD is a fiat-backed stablecoin that maintains a U.S. dollar peg. For every unit of BUSD, there is one US dollar held in reserve. In other words, an amount of U.S. dollars equal to the total supply of BUSD is held in custody by Paxos, acting as its reserves in FDIC-insured U.S. banks.
To learn more, please refer to our articles:
2. How to purchase and redeem BUSD?
Visit
How to buy Binance USD (BUSD) guide
to learn more details. On Binance, it provides
over 300 tradeable BUSD pairs and various fiat
gateways, making it easy to add BUSD to your
portfolio.
To redeem or sell BUSD to US dollars, you can use the Binance Buy and Sell function. For large redemptions, contact the BUSD team.Or you can redeem through the Paxos platform directly.
To redeem or sell BUSD to US dollars, you can use the Binance Buy and Sell function. For large redemptions, contact the BUSD team.Or you can redeem through the Paxos platform directly.
Check out the current price of Binance USD here: Binance USD (BUSD) Price, Chart & News .
3. Learn more about multichain BUSD.
BUSD is issued on Ethereum by Paxos and regulated
by the NYDFS. Binance provides the pegged token
service to lock BUSD on Ethereum and issues an
equivalent amount of Binance-peg BUSD on other
networks. Check out the proof of assets for more
details.
Binance-Peg BUSD is currently issued on these blockchains: BNB Smart Chain, BNB Beacon Chain, Avalanche, Polygon, Tron and Optimism – more integrations are expected to come soon.
-
Ethereum contract address(ERC20 BUSD):
-
BNB Smart Chain contract address (BEP20 BUSD):
-
BNB Beacon Chain contract address(BEP2 BUSD):
https://explorer.bnbchain.org/address/bnb19v2ayq6k6e5x6ny3jdutdm6kpqn3n6mxheegvj -
Avalanche contract address (ERC20 BUSD, AVAXC):
https://snowtrace.io/token/0x9c9e5fd8bbc25984b178fdce6117defa39d2db39 -
Polygon contract address (ERC20 BUSD, MATIC):
https://polygonscan.com/token/0x9c9e5fd8bbc25984b178fdce6117defa39d2db39 -
Tron contract address (TRC20 BUSD, TRON):
https://tronscan.org/#/token20/TMz2SWatiAtZVVcH2ebpsbVtYwUPT9EdjH -
Optimism contract address (ERC20 BUSD, OP):
https://optimistic.etherscan.io/token/0x9c9e5fd8bbc25984b178fdce6117defa39d2db39
5. How do I know my BUSD is secure?
The primary risk of stablecoins is that many of them aren’t fully backed by the reserve currencies. BUSD is always backed 100% by cash reserves without any leverage. And the reserve is made by cash and cash equivalents. While BUSD is fully collateralized, its issuer-Paxos provides a transparent process for minting and burning BUSD tokens. In addition, BUSD reserves are regularly attested by a trusted auditor to ensure users will be able to access the collateral that backs BUSD whenever needed. You can visit our website to check out these reports.
Furthermore, BUSD commits to high standards, including working with regulators to maintain a license and be fully regulated. BUSD is issued by Paxos, a partner of Binance. Both Paxos, as the issuer, and the BUSD stablecoin, are regulated by the New York State Department of Financial Services (NYDFS), a leading regulator in this area. BUSD is also green-listed by the NYDFS, making it pre-approved for custody and trading by any of the NYDFS’ virtual currency licensees.
Last but not least, BUSD offers users the highest levels of safety, protection, and security. In addition to being regulated by the NYDFS, BUSD is subject to the New York Banking Law. That law states that in the unlikely event that Paxos Trust becomes insolvent, it will not go through the standard bankruptcy procedures like other companies.
Instead, the Superintendent of NYDFS would return assets held in custody by Paxos Trust to their rightful owners. Paxos Trust holds customer assets safely separated from any corporate funds as a qualified custodian. This way, our customers can be sure that their assets will always be available at any time.
Disclaimer: BUSD is issued on Ethereum by Paxos and
regulated by the NYDFS. Binance provides the pegged
token service to lock BUSD on Ethereum and issues an
equivalent amount of Binance-peg BUSD on other
networks. Check out the
proof of assets (proof of collateral for B-tokens)
for more details. Please note that Binance-Peg BUSD is
a Binance product. It is not issued by Paxos nor
regulated yet by the NYDFS.