BUSD History

What does BUSD do?

Binance USD (CRYPTO:BUSD) is a USD-pegged stablecoin issued by Binance and Paxos. It is a regulated stablecoin that is backed by 1:1 in USD reserves held in FDIC-insured US banks. BUSD is available on the Binance exchange and other cryptocurrency exchanges. BUSD is a popular stablecoin because it is easy to use, has low fees, and is widely accepted. It is also a good option for users who want to avoid the price volatility of other cryptocurrencies. Overall, BUSD is a popular and reliable stablecoin that is backed by 1:1 in USD reserves. It is a good option for users who want to avoid the price volatility of other cryptocurrencies and who want to use a stablecoin that is widely accepted.

Documentation

Company Snapshot

Employees

7000+

Market Cap

$58.05M

Head Office

Cayman Islands

Year Founded

2019

What does BUSD specialise in?

/Alleged SEC Securities /Asset-Backed Stablecoin /Binance Chain /Fiat Stablecoin /Fuse Ecosystem /Linea Ecosystem /Stablecoin /Tron20 Ecosystem /USD Stablecoin /zkSync Era Ecosystem

What are the products and/or services of BUSD?

Overview of BUSD offerings

Hedging: BUSD can be used to hedge against the price volatility of other cryptocurrencies.

Lending: BUSD can be lent to other users to earn interest.

Payments: BUSD can be used to make payments online and in-store.

Savings: BUSD can be deposited into savings accounts to earn interest.

Send and receive money: BUSD can be used to send and receive money quickly and easily.

Trading: BUSD can be used to trade cryptocurrencies on the Binance exchange and other cryptocurrency exchanges.

BUSD

What does BUSD do?