Last updated at 2022/10/04
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Binance USD, $BUSD

USD-pegged Stablecoin

KPIs & Market Data

Market Cap
$21B
Market Cap 7d %
+0.72%
Market Cap 30d %
+8.29%
Volume 24h
$6.8B
Volume 7d
$65B
Mechanism
Governance
Centralized
Issuer
Paxos Trust Company, LLC
Jurisdiction
United States

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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