Current rate

BUSD stands as a regulated, fiat-backed stablecoin, meticulously pegged 1:1 to the US Dollar. Issued by Paxos Trust Company and approved by the New York State Department of Financial Services, BUSD represents a significant bridge between traditional finance and the rapidly evolving cryptocurrency landscape. Its core purpose is to offer stability and reliability within the volatile digital asset market, providing a secure haven for users seeking to mitigate price fluctuations or facilitate seamless digital payments. Paxos, a regulated financial institution, ensures that every BUSD in circulation is fully backed by an equivalent amount of USD reserves, held in segregated bank accounts and short-term US Treasury bills. This backing is subject to rigorous monthly attestations by an independent accounting firm, ensuring unparalleled transparency and trust for its holders.As an ERC-20 token on the Ethereum blockchain, and also available on the BNB Chain, BUSD is highly liquid and widely accessible across numerous cryptocurrency exchanges and decentralized finance platforms. Its primary use cases extend to stable trading pairs, enabling users to enter and exit volatile assets without converting back to traditional fiat currency, thereby reducing transaction costs and friction. Furthermore, BUSD is a crucial component in decentralized finance protocols, where it is often utilized for lending, borrowing, and yield farming activities due to its inherent stability. It facilitates fast, borderless remittances and payments, offering an efficient alternative to conventional banking systems. The regulatory oversight from the NYDFS distinguishes BUSD, positioning it as a secure and compliant digital asset suitable for institutional and retail investors alike who prioritize regulatory certainty and transparent asset backing in their digital currency holdings.