Binance USD (BUSD) - is a stablecoin pegged to the US dollar and has been approved by the New York State Department of Financial Services (NYDFS). BUSD will be available for direct buying and selling at the rate of 1 BUSD = 1 USD. BUSD token appeared on September 5, 2019. The dollar reserve of the cryptocurrency is held in vaults at regulated financial institution Paxos Trust Company, which has offices in the cities of New York and Singapore. Unlike the BNB cryptocurrency, the stablecoin is issued according to the ERC-20 standard. Stablecoin BUSD allows traders to save on Binance trading commissions and make good money on fluctuations in the rate of traditional cryptocurrencies. Moreover, for half of the pairs with BUSD, margin trading is supported.
What is Binance USD?
Buy Binance USD with Apple Pay or credit card
Send & Receive Binance USD
Exchange crypto to other tokens or coins
Users can easily and quickly create their own portfolio without the risk of price fluctuations during exchange.
Instant exchange with a fixed rate is a guarantee of receiving the exact amount of cryptocurrency without hidden fees.
Private keys are under client control, they are never sent or stored outside your device.
Non-custodial wallet with no registration or KYC required can be accessed on iOS, Android and Web. User is the only owner of the private key.