/
BUSD, or Binance USD, is a stablecoin issued by Paxos and pegged to the US dollar at a 1:1 ratio, integrating blockchain technology with the dollar's stability. It is regulated by the New York State Department of Financial Services (NYDFS), ensuring a transparent and lawful digital currency environment. BUSD supports seamless international transactions at low costs and is crucial for trading, lending, and business payments, boasting stable value and swift processing advantages. Monthly audits affirm its dollar backing, enhancing confidence among users. Notably, BUSD is available on multiple blockchains, elevating its utility and interoperability. Paxos, also behind Pax Dollar (USDP), a similar stablecoin on the Ethereum platform, underscores its expertise by delivering stablecoin solutions across various markets and promoting efficient asset management. They maintain a significant market presence and liquidity by ensuring transparency, trust, and innovation in financial technology.
BUSD, or Binance USD, is a stablecoin issued by Paxos and pegged to the US dollar at a 1:1 ratio, integrating blockchain technology with the dollar's stability. It is regulated by the New York State Department of Financial Services (NYDFS), ensuring a transparent and lawful digital currency environment. BUSD supports seamless international transactions at low costs and is crucial for trading, lending, and business payments, boasting stable value and swift processing advantages. Monthly audits affirm its dollar backing, enhancing confidence among users. Notably, BUSD is available on multiple blockchains, elevating its utility and interoperability. Paxos, also behind Pax Dollar (USDP), a similar stablecoin on the Ethereum platform, underscores its expertise by delivering stablecoin solutions across various markets and promoting efficient asset management. They maintain a significant market presence and liquidity by ensuring transparency, trust, and innovation in financial technology.
BUSD, or Binance USD, is a stablecoin issued by Paxos and pegged 1:1 to the US dollar, aiming to blend dollar stability with blockchain technology. It is regulated by the New York State Department of Financial Services, ensuring transparency and compliance. BUSD facilitates seamless transactions, enabling users to send and receive digital dollars globally with low cost and efficiency, offering a stable digital currency option in the crypto market.
BUSD provides individuals with the ability to conduct seamless and low-cost international remittances and access digital assets without the price volatility of other cryptocurrencies. For institutions, BUSD offers stable value transactions for trading, lending, and business payments, combined with instant processing capabilities. Its 1:1 dollar backing and regulatory compliance deliver a high level of trust and security for all users.
BUSD maintains its 1:1 peg by backing each token with an equivalent amount of US dollars, held in reserve by its issuer, Paxos. This pegging is transparent and verified through monthly audits, ensuring that each BUSD token is truly redeemable at a 1:1 ratio for USD, reinforcing trust and stability in its value as a digital asset.
BUSD, like USDP, is a 1:1 USD-backed stablecoin, ensuring stability and trust. While USDP operates on the Ethereum platform, BUSD is available on several blockchains for enhanced interoperability. Unlike PAXG, which is gold-backed and represents real-world physical gold ownership, BUSD caters to users seeking a stable fiat-backed asset, ensuring low-cost transactions across global markets.
Regulatory compliance is crucial for BUSD as it ensures consumer protection, transparency, and adherence to financial standards. Being approved by the New York State Department of Financial Services signifies that BUSD aligns with stringent regulatory requirements, which fosters trust and confidence among users, differentiating it from many unregulated crypto projects.
If users face issues with BUSD transactions, they should first ensure that they are using a compatible blockchain wallet or platform. For unresolved problems, contacting the support team of the platform handling the transaction (e.g., Binance) or Paxos for compliance or reserve-related inquiries may be necessary. Regular audits and transparency reports can also assist in identifying and resolving issues.
HUSD is a stablecoin pegged 1:1 to USD, designed for stability and security on Ethereum's blockchain, aimed at both individual and institutional use in trading, payments, and hedging, ensuring transparency through regular audits.
USD Bancor (USDB) is a stable cryptocurrency on Ethereum, designed to provide a reliable digital currency for transactions with a unique reserve mechanism.
Global Dollar (USDG) is a regulated stablecoin pegged to the US dollar and issued by Paxos Digital Singapore, offering blockchain-enhanced stability, security, and compliance.
USDBIT is a stablecoin on Binance Smart Chain, asset-backed by rare Alexandrite, with a full supply in circulation.
USDC is a leading stablecoin on Ethereum, providing secure, fast, and transparent transactions with U.S. dollar backing.
CUSD is a stablecoin by Coin98 Finance, pegged to the USD for stable, decentralized transactions, leveraging smart contracts for fast, secure trading, and DeFi integration.
USDX is a synthetic USD stablecoin offering a scalable, censorship-resistant solution, providing users with global accessibility and yield opportunities within the crypto ecosystem.
First Stablecoin backed by Commercial Banks, pegged 1:1 to the US dollar.
bStable, a DeFi protocol on Polygon, offers low-slippage stablecoin swaps, liquidity farming, and BST token staking, enhancing stablecoin market liquidity.
PayPal USD (PYUSD) is a stablecoin on Ethereum, pegged 1:1 with the US dollar, aimed at enhancing digital payments within PayPal's ecosystem, ensuring secure and efficient transactions.
Basis Dollar (BSD) is a DeFi stablecoin pegged to the USD using algorithmic seigniorage, featuring staking, yield farming, and BSDS/BSDB for price stabilization.
bDollar (BDO) is the first algorithmic stablecoin on Binance Smart Chain, employing algorithms for stability without collateral, featuring seigniorage shares (sBDO), and bonds (bBDO) to maintain its peg.
