NOTE: Paxos no longer mints new BUSD, but allows customers to redeem BUSD for USD or convert their BUSD to USDP. Learn more.
What is BUSD?
BUSD is a Binance's USD-backed stablecoin issued by Paxos Trust Company and approved by the New York State Department of Financial Services (NYDFS). All Paxos issued USD-backed stablecoins have 1:1 parity with USD.
How many confirmations are needed for BUSD?
BUSD requires 12 network confirmations.
Which blockchain network hosts BUSD?
BUSD is hosted on the Ethereum blockchain (ERC-20).
How can I see my BUSD on the platform?
On our platform, you will only see a USD balance which can be withdrawn as USD-backed stablecoins on a 1:1 basis to external supporting ERC20 wallets.
Is BUSD regulated?
BUSD is regulated by the New York State Department of Financial Services and issued by Paxos Trust Company. USD is issued by the US Treasury.