Fellow Binancians,
Binance has launched a function allowing users to instantly convert from other stablecoins into BUSD. The ratio to convert USDP, USDC and TUSD into BUSD will be set at 1:1 with zero fees. The ratio to convert USDT into BUSD will vary based on the current market price.
Users can access this conversion function on the “Buy and Sell Cryptocurrency” page, with no limit on the amount converted or number of conversions.
What is BUSD?
Binance USD (BUSD) is a 1:1 USD-backed stablecoin issued by Paxos and approved by the New York State Department of Financial Services (NYDFS).
Thank you for your support!
Binance Team
2020-01-16
Note: This announcement was updated on 2024-09-05. Previously, it was updated on 2022-07-12 to amend the ticker for PAX to USDP, and highlight that the ratio to convert USDP, USDC and TUSD to BUSD is no longer at 1:1. Users may check indicative prices on these assets through Binance Convert.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
