Binance USD (BUSD)

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A new stablecoin, issued in partnership with Binance

Quote from Binance CEO
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How to Use BUSD

peer-to-peer

Buy/Sell Direct

Get BUSD 1:1 for U.S. dollars or PAX on the Paxos platform

Trade

Use BUSD to trade crypto on Binance (coming soon)

Hold

Hedge against the volatility of your crypto-assets by holding in BUSD, as stable as the dollar

purchasing

Transact

Use BUSD wherever ERC-20 tokens are accepted for commerce, loans, payments, etc.

Get Started

Convert between U.S. dollars, BUSD and PAX 1:1 anytime with zero fees

Why BUSD?

DEVELOPED IN PARTNERSHIP WITH BINANCE

BUSD was created in partnership between the largest and most trusted companies in the crypto space.

REGULATED

Paxos and BUSD are approved and regulated by the New York State Department of Financial Services, ensuring the utmost of consumer protections.

BACKED BY DOLLARS

BUSD is 100% backed by U.S. dollars held in FDIC-insured U.S. banks.

AUDITED

A top auditing firm will attest to the matching supply of BUSD tokens and underlying U.S. dollars on a monthly basis.

Frequently Asked Questions

Binance USD (BUSD) is a new USD-denominated stablecoin approved by the New York State Department of Financial Services (NYDFS) that will be launched in partnership with Paxos and Binance.

Starting September 12, 2019, BUSD will be available on the Paxos platform for direct purchase and redemption 1:1 for U.S. dollars or PAX. Later in September it will become available on Binance.com for trading initially against BTC, BNB and XRP and more to come. 

Paxos is the USD custodian and issuer of BUSD. 

BUSD is now available for purchase and redemption on the Paxos platform. In order to get BUSD through Paxos, you need to be a verified customer. You can either deposit PAX or deposit dollars by wire from a bank account.

Just like with PAX, there are no fees associated with creating or redeeming BUSD.

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