BUSD Coin Pool
Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos), Approved and regulated by the New York State Department of Financial Services (NYDFS), The BUSD Monthly Audit Report can be viewed from the official website. Launched on 5 Sep 2019, BUSD aims to meld the stability of the dollar with blockchain technology. It is a digital fiat currency, issued as ERC-20 and supports BEP-2.
FAQ
BUSD is a stablecoin developed by Paxos in partnership with Binance.
BUSD are approved and regulated by the New York State Department of Financial Services and is 100% backed by U.S. dollars held in FDIC-insured U.S. banks.
The required minimum is only 500BUSD.
No. You will retain full control over your stake and can withdraw your BUSD on specified time.
They are used for trading on cryptocurrency exchanges, generally where crypto/fiat pairs are unavailable due to regulatory or banking reasons. BUSD is backed by U.S. dollars in an FDIC-insured U.S. bank and audited on a monthly basis.
