Binance USD (BUSD) is a new USD-denominated stablecoin approved by the New York State Department of Financial Services (NYDFS) that will be launched in partnership with Paxos and Binance.
What is BUSD
Highly regulated 1:1 USD-backed crypto stablecoin
These are digitised US Dollars and are always purchased and redeemed at 1 BUSD for 1 US dollar.
Purchase and redeem with Zero Fees
Binance and Paxos don’t charge a fee for the purchase or redemption of Binance USD (BUSD) However bank charges/wire fees may apply.
Transfer globally, fast and low-cost.
Supported on both ERC-20 and BEP-2; transfer your dollars anywhere in minutes, with low cost and on the blockchain.