A 1:1 USD-Backed Stablecoin Approved By NYDFS With Paxos.
- BUSD is a 1:1 USD-backed stablecoin approved by the New York State Department of Financial Services (NYDFS). It is issued in partnership with Paxos and can be issued and redeemed without any extra fee.
- BUSD runs on both, Ethereum, as an ERC-20 token, and on Binance Chain as a BEP-2 token.
- BUSD is incorporated in multiple exchanges such as Binance.com (with trading discounts), Binance US, and other centralized exchanges.
- It is also tradable on popular non-custodial trading platforms, such as Binance DEX, Curve Finance, and Uniswap.
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