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0.00%Binance USD (BUSD) is a stablecoin pegged to the US dollar. The coin is issued by Binance, partnered with Paxos trust company. Paxos is a financial system blockchain responsible for Pax Gold (PAXG), a digital currency that mirrors and is backed by physical gold. BUSD is approved by the New York State Department of Financial Services (NYDFS).
Binance USD is backed by a reserve of assets comprising US treasury debt, securities and cash deposits. A monthly breakdown of the reserve can be found on the Binance website.
To buy Binance USD (BUSD), sign up with Swyftx for a free trading account.
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