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 â
Buy and Sell Cryptocurrencyâ page, with no limit on the amount converted or number of conversions.
What is BUSD?
Binance USD (BUSD) is a stable coin pegged to USD that has received approval from the New York State Department of Financial Services (NYDFS). BUSD will be available for direct purchase and redemption at a rate of 1 BUSD = 1 USD.
To understand more about BUSD, click
here.
Thanks for your support!
Binance Team
2020/01/16
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Note: This announcement was last 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.