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.
Read moreHow do I get a USD Binance coin?
1. On the top of Binance home page, select the [Buy Crypto] option. 2. Choose [Buy] and select USD as the fiat currency that you will spend .
Read moreWhat is Binance USD crypto?
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 .
Read moreCan you use USD on Binance?
Binance accepts a wide range of currencies and makes it easy for you to buy crypto using USD , EUR, CNY, AUD, INR, RUB, and other fiat currencies . You can also use a wide range of accepted stablecoins such as Binance USD (BUSD), Coinbase USD Coin (USDC), and Tether (USDT) to buy crypto.
Read moreWhat is US dollars on Binance?
The BUSD stablecoin was founded by Paxos and Binance in an effort to create a cryptocurrency that would be backed by the US dollar. A key characteristic of BUSD is that one unit of BUSD is equivalent to one US dollar . To support this value, Paxos holds an amount of US dollars that is equal to the total supply of BUSD.
Read moreHow do you get a USD from Binance?
How to Withdraw Fiat Currency from Binance
Read moreIs BNB and Busd the same?
BNB is the first non-Poloniex exchange platform token to be listed on Poloniex. Learn more about BUSD on their website. Binance USD (BUSD) is listed as an ERC-20 stablecoin issued on the Ethereum blockchain. BUSD is collateralized by US Dollars and issued by Binance .
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