What is BUSD
BUSD is A US Dollar-backed stable coin issues by Binance in collaboration with Paxos — a regulated digital asset and blockchain development institution. Each BUSD is worth one USD (on a 1:1 basis) and is consistently audited to ensure all BUSD stable coins are actually backed by the equivalent amount of US dollars. Users who exchange their funds for BUSD won’t be charged a fee. While mainly used for trading on Binance’s exchange, BUSD can be transferred via the ERC-20 or BEP-2 blockchains. This makes it a fast, efficient, and cost-effective way to send US dollars across the world or to be stored in various crypto wallets.