# Binance USD

**Published by:** [krabik](https://paragraph.com/@krabik/)
**Published on:** 2023-06-07
**URL:** https://paragraph.com/@krabik/binance-usd

## Content

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. Launched on 5 Sep 2019, BUSD aims to meld the stability of the dollar with blockchain technology. It is a digital fiat currency, issued as ERC-20 and supports BEP-2. https://opensea.io/assets/0x0c0A4Fe57809A28F1c6d67749b099bf152361D88/1

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