In this article, what is Binance USD (BUSD)? We will answer the question and provide detailed information about the project.
In this article, what is Binance USD (BUSD)? We will answer the question and provide detailed information about the project
BUSD is a 1: 1 USD backed stablecoin approved by the New York State Department of Financial Services (NYDFS). Binance USD BUSD jointly issued with Paxos can be issued and used at no extra cost.
BUSD operates as a BEP-2 token on both Ethereum, ERC-20 token, and Binance Chain.
Included on multiple exchanges such as BUSD, Binance.com (with trade discounts), Binance US, and other centralized exchanges.
It can also be traded on popular non-surveillance trading platforms such as Binance DEX, Curve Finance, and Uniswap.
Today, we see that many coins have trading pairs with Binance USD on Binance.
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