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BUSD

Binance Dollar

Total Supply
$0
Contracts

Overview

BUSD is a 1:1 USD-backed stablecoin approved by the New York State Department of Financial Services (NYDFS), issued in partnership with Paxos.

Type

Fiat-backed

Summary

Binance USD is Binance’s stablecoin and is issued in partnership with Paxos Trust Company. Paxos and BUSD are approved and regulated by the New York State Department of Financial Services.

BUSD is 100% backed by reserves held in either or both (i) fiat cash in dedicated omnibus accounts at insured U.S. banks and/or (ii) U.S. Treasury bills (including through repurchase agreements and/or money-market funds invested in U.S. Treasury bills). WithumSmith+Brown, PC, an independent third-party accounting firm, attests to the matching supply of BUSD tokens and underlying U.S. dollars on a monthly basis.

Attestation Reports

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