Metadata last updated at 2025/05/12
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Binance USD, $BUSD

USD-pegged Stablecoin

Market Data KPIs

Market Cap

Market Cap
$58M

7-day Relative Change of Market Cap in %

Market Cap 7d %
+1.85%

30-day Relative Change of Market Cap in %

Market Cap 30d %
-0.48%

24-hour Volume

Volume 24h
$20.7K

7-day Volume

Volume 7d
$90.9K

Historical Charts

Price Chart

Volume Chart

Market Cap Chart

Velocity Chart

Metadata & Legal Information

Type of Stablecoin Mechanism

Mechanism

Legal Entity & Protocol Governance

Governance
Centralized

Legal Issuer

Issuer
Paxos Trust Company, LLC

Legal Jurisdiction

Jurisdiction
United States

Description

BUSD Coin is a USD pegged stable coin that is always issued & redeemed in a 1:1 ratio with USD. It gained popularity through the crypto exchange Binance which offered free trades and other rewards for investors holding and using BUSD. Further, it is the native stable coin for the Binance Smart Chain, a popular crypto ecosystem. 

Risks

  • Counterparty risk against Paxos Trust Company
  • Risk of insufficient backing
    • Paxos only reports a monthly attestation report on the backing of the outstanding BUSD
  • Risk of loss of collateral due to low quality of collateral based on speculation
  • Risk of asset freeze due to regulatory pressure

$BUSD Newsticker

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