- What is Binance USD?
Launched in 2019, Binance USD (BUSD) is a U.S.-regulated stablecoin, fully backed by U.S. dollars: 1 BUSD = $1.00 USD, issued by Binance (in partnership with Paxos). Binance USD is approved and regulated by the New York State Department of Financial Services (NYDFS).
Similar to other stablecoins, Binance USD (BUSD) was created to provide ease of transaction over decentralized finance (DeFi) ecosystems.
It is a digital fiat currency, issued as ERC-20 and supports BEP-2.