Binance usd (BUSD)

Binance USD (BUSD) is a USD-backed stablecoin issued and regulated in partnership with Paxos Trust Company. BUSD is issued and fully redeemable on a 1:1 basis for US dollars, offering customers a secure, regulated and compliant way to transfer, store and trade digital dollars. Who founded it?: Binance USD was created by Binance, one of the world’s largest cryptocurrency exchanges, in partnership with Paxos, a trusted financial institution. Binance has become one of the largest digital asset exchanges in the world, offering a wide variety of trading services for digital assets. What Makes it Unique?: BUSD is unique in that it is 100% collateralized and fully backed by U.S. dollars on a 1:1 basis. This means that every one BUSD token is backed by one U.S. dollar, providing users with greater security and stability. Furthermore, BUSD has been approved and regulated by the New York State Department of Financial Services, meaning it complies with relevant banking and financial rules. Where does it used?: BUSD can be used for a variety of purposes, including online payments and remittances, peer-to-peer payments, trading on digital asset exchanges, and more. Where to buy/sell it?: BUSD can be bought and sold on a variety of exchanges, including Binance. It can also be purchased directly from Paxos via the Paxos website.