Is Busd backed by USD?

BUSD is a U.S.-regulated stablecoin, fully backed by U.S. dollars : 1 BUSD = $1.00 USD. BUSD offers faster ways to fund your trades and is acceptable as a medium of exchange, store of value, and method of payment across the global crypto ecosystem.

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What currency is Busd?

Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos), Approved and regulated by the New York State Department of Financial Services (NYDFS), The BUSD Monthly Audit Report can be viewed from the official website.

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How much is a Busd worth?

BUSD Price Statistics Binance USD Price$0.9999Trading Volume24h$4,559,640,798.31 30.28%Volume / Market Cap0.2596Market Dominance0.88%Market Rank#12Binance USD price today, BUSD to USD live, marketcap and chart coinmarketcap.com › currencies › binance-usd

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