BUSD was a USD-pegged stablecoin issued by Paxos Trust Company, LLC under the Binance USD brand. Paxos halted new issuance in February 2023 after direction from NYDFS and began winding down the product.
| Symbol | BUSD |
| Peg | USD |
| Backing | Fiat backed |
| Status | Active |
| Networks | L1 EVM Ethereum |
| Specifications | Backing USD-denominated reserves held in segregated bankruptcy-remote accounts Auditor KPMG LLP Redemption Paxos stated in February 2023 that BUSD would remain fully supported and redeemable to onboarded customers through at least February 2024, either for U.S. dollars or conversion to Pax Dollar. KYC required Yes |
| Use cases | Trading, Settlement |
| Regulatory status | Jurisdiction New York, United States · License type NYDFS supervision — new issuance halted (wind-down) · Status n/a · Issued 2023 |
| Chain | Supply |
|---|---|
| Ethereum | $34M |
| Chain | Address |
|---|---|
| Ethereum | 0x4fabb145d64652a948d72533023f6e7a623c7c53 |
BUSD was a USD-pegged stablecoin issued by Paxos Trust Company, LLC under the Binance USD brand. Paxos halted new issuance in February 2023 after direction from NYDFS and began winding down the product.
USD-denominated reserves held in segregated bankruptcy-remote accounts.
Available on Ethereum.
BUSD was a USD-pegged stablecoin issued by Paxos Trust Company, LLC under the Binance USD brand. Paxos halted new issuance in February 2023 after direction from NYDFS and began winding down the product.
USD-denominated reserves held in segregated bankruptcy-remote accounts
BUSD is recorded on 1 network, Ethereum.
BUSD has a market capitalization of $34M as of 11 October 2026.