Binance USD

Binance USD (BUSD) (founded September 5, 2019) is an ERC-20 token issued on the Ethereum (ETH) Blockchain that aims to meld the stability of the dollar with blockchain technology.

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

Binance USD (BUSD) is the first stablecoin launched as part of Binance's Venus project. Each Binance USD coin is backed by one US dollar, insured and held in Federal Deposit Insurance Corporation (FDIC) insured US bank accounts owned by Paxos, who has partnered with Binance to achieve Stablecoin regulations.