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 âBuy 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.