What is Binance USD?
BUSD is A US Dollar-backed stablecoin 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 backed by the equivalent amount of US dollars.
Users who exchange their funds for BUSD won’t be charged a fee.
Binance USD (BUSD) is available on various platforms, including Binance Exchange and other centralized crypto exchanges, as well as decentralized exchanges. Users who exchange their funds for BUSD can benefit from its cross-chain utility, as it can be used across multiple blockchain networks such as Binance Chain (BEP-2), Binance Smart Chain (BEP-20), Ethereum (ERC-20), Polygon (MATIC), Harmony (HRC-20), and others.