We are excited to announce that BUSD has reached its $20B milestone, ranking sixth in the overall crypto market and third among stablecoins by market cap.

BUSD is 100% backed by cash and cash equivalents. We work with our partner Paxos to provide full transparency to our BUSD holders. Now we’re excited to introduce our BUSD monthly reserves holding reports to increase public transparency.

BUSD has become one of the fastest-growing cryptocurrencies in the world, with a variety of use cases and growing demand amid the continued growth of the crypto markets.

On the one-year anniversary of BUSD’s launch, we look back at some of the highlights for our stablecoin and how its role continues to evolve in an ever-changing blockchain world, including its expanding role in DeFi.