What is Binance USD (BUSD)?
Binance USD (BUSD) is a USD-denominated stablecoin approved by the New York State Department of Financial Services (NYDFS) that was launched in partnership with Paxos and Binance.
BUSD, a stablecoin
BUSD is a USD-backed stablecoins and as such is a digital representations of USD. All Paxos powered USD-backed stablecoins have 1:1 parity with USD.
How many confirmations are needed for BUSD?
BUSD requires 12 network confirmations. Learn about transaction 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On our platform, you will only see a USD balance which can be withdrawn as USD-backed stablecoins on a 1:1 basis to external supporting ERC20 wallets.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.