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5.2B
Market Cap Today
Market Cap Today
Market Cap Today
6.5M
# of Holders
# of Holders
# of Holders
Deposit your Binance USD and earn interest
Deposit your Binance USD and earn interest
Deposit your Binance USD and earn interest
As of May 31, 2023
Convert Stablecoin
0 Fees
Zero transaction fees for BUSD/USDT.
Hot
Purchase with Fiat
0 Fees
Purchase 1:1 with USD via wire transfer, or top up your Binance Spot Wallet with other currencies to exchange to BUSD.
Trade on Binance
Supported in 300+ trading pairs when exchanging other tokens to BUSD.
Upholding High Standards that Build Trust
BUSD is fully regulated by a primary prudential regulator - the New York State Department of Financial Services (NYDFS), offering the highest level of consumer protection. All reserves are held 100% in cash and cash equivalents; hence customer funds are always available for 1:1 redemption.
Fully Segregated Assets
With fully segregated bankruptcy-remote accounts, assets held in custody would be returned to their rightful owners even if the custodial trust became insolvent.
Mass Adoption
BUSD is available on over 30 exchanges and has many popular use cases. Explore BUSD’s mass adoption and access your funds 24/7 with this blockchain-based solution for payment.
Total Net Assets
U.S. Treasury Debt
U.S. Treasury Collateralized Reverse Repurchase Agreements
Cash Deposits
FEB Amount (%)
10.73B
3.10B (28.87%)
6.95B (64.75%)
0.68B (6.38%)
JAN Amount (%)
16.42B
3.34B (20.36%)
12.43B (75.76%)
0.64B (3.88%)
Difference
-34.65%
-7.19%
-44.09%
+6.25%
2023
2022
2021
2020
2019
Binance
BNB Chain
Avalanche
Polygon
Tron
Optimism
Paxos
Coinbase
Crypto.com
GEMINI
CoinMarketCap
PancakeSwap
Binance Pay
Binance US
Kucoin
Curve.fi
Uniswap
AAVE
CoinGecko
Bitpay
Binance
BNB Chain
Avalanche
Polygon
Tron
Optimism
Paxos
Coinbase
Crypto.com
GEMINI
CoinMarketCap
PancakeSwap
Binance Pay
Binance US
Kucoin
Curve.fi
Uniswap
AAVE
CoinGecko
Bitpay
1. What is BUSD? And how does it work?
BUSD is a stablecoin pegged to the US Dollar (USD), issued by Paxos. Approved by the NYDFS, BUSD is available for purchase and redemption at a rate of 1 BUSD to 1 USD.
In addition, BUSD is green-listed by the NYDFS, making it pre-approved for custody and trading by any of the NYDFS’ virtual currency licensees.
In addition, BUSD is green-listed by the NYDFS, making it pre-approved for custody and trading by any of the NYDFS’ virtual currency licensees.
BUSD is a fiat-backed stablecoin that maintains a U.S. dollar peg. For every unit of BUSD, there is one US dollar held in reserve. In other words, an amount of U.S. dollars equal to the total supply of BUSD is held in custody by Paxos, acting as its reserves in FDIC-insured U.S. banks.
To learn more, please refer to our articles:
2. How to purchase and redeem BUSD?
Visit How to buy Binance USD (BUSD) guide to learn more details. On Binance, it provides over 300 tradeable BUSD pairs and various fiat gateways, making it easy to add BUSD to your portfolio.
To redeem or sell BUSD to US dollars, you can use the Binance Buy and Sell function. For large redemptions, contact the BUSD team.Or you can redeem through the Paxos platform directly.
To redeem or sell BUSD to US dollars, you can use the Binance Buy and Sell function. For large redemptions, contact the BUSD team.Or you can redeem through the Paxos platform directly.
Check out the current price of Binance USD here: Binance USD (BUSD) Price, Chart & News.
3. Learn more about multichain BUSD.
BUSD is issued on Ethereum by Paxos and regulated by the NYDFS. Binance provides the pegged token service to lock BUSD on Ethereum and issues an equivalent amount of Binance-peg BUSD on other networks. Check out the proof of assets for more details.
Binance-Peg BUSD is currently issued on these blockchains: BNB Smart Chain, BNB Beacon Chain, Avalanche, Polygon, Tron and Optimism – more integrations are expected to come soon.
- Ethereum contract address(ERC20 BUSD):
https://etherscan.io/token/0x4Fabb145d64652a948d72533023f6E7A623C7C53 - BNB Smart Chain contract address (BEP20 BUSD):
https://bscscan.com/token/0xe9e7cea3dedca5984780bafc599bd69add087d56 - BNB Beacon Chain contract address(BEP2 BUSD):
https://explorer.bnbchain.org/address/bnb19v2ayq6k6e5x6ny3jdutdm6kpqn3n6mxheegvj - Avalanche contract address (ERC20 BUSD, AVAXC):
https://snowtrace.io/token/0x9c9e5fd8bbc25984b178fdce6117defa39d2db39 - Polygon contract address (ERC20 BUSD, MATIC):
https://polygonscan.com/token/0x9c9e5fd8bbc25984b178fdce6117defa39d2db39 - Tron contract address (TRC20 BUSD, TRON):
https://tronscan.org/#/token20/TMz2SWatiAtZVVcH2ebpsbVtYwUPT9EdjH - Optimism contract address (ERC20 BUSD, OP):
https://optimistic.etherscan.io/token/0x9c9e5fd8bbc25984b178fdce6117defa39d2db39
5. How do I know my BUSD is secure?
The primary risk of stablecoins is that many of them aren’t fully backed by the reserve currencies. BUSD is always backed 100% by cash reserves without any leverage. And the reserve is made by cash and cash equivalents. While BUSD is fully collateralized, its issuer-Paxos provides a transparent process for minting and burning BUSD tokens. In addition, BUSD reserves are regularly attested by a trusted auditor to ensure users will be able to access the collateral that backs BUSD whenever needed. You can visit our website to check out these reports.
Furthermore, BUSD commits to high standards, including working with regulators to maintain a license and be fully regulated. BUSD is issued by Paxos, a partner of Binance. Both Paxos, as the issuer, and the BUSD stablecoin, are regulated by the New York State Department of Financial Services (NYDFS), a leading regulator in this area. BUSD is also green-listed by the NYDFS, making it pre-approved for custody and trading by any of the NYDFS’ virtual currency licensees.
Last but not least, BUSD offers users the highest levels of safety, protection, and security. In addition to being regulated by the NYDFS, BUSD is subject to the New York Banking Law. That law states that in the unlikely event that Paxos Trust becomes insolvent, it will not go through the standard bankruptcy procedures like other companies.
Instead, the Superintendent of NYDFS would return assets held in custody by Paxos Trust to their rightful owners. Paxos Trust holds customer assets safely separated from any corporate funds as a qualified custodian. This way, our customers can be sure that their assets will always be available at any time.
Disclaimer: BUSD is issued on Ethereum by Paxos and regulated by the NYDFS. Binance provides the pegged token service to lock BUSD on Ethereum and issues an equivalent amount of Binance-peg BUSD on other networks. Check out the proof of assets (proof of collateral for B-tokens) for more details. Please note that Binance-Peg BUSD is a Binance product. It is not issued by Paxos nor regulated yet by the NYDFS.