Where Binance USD is Accepted Locally and Globally
BUSD is a stablecoin issued and backed by one of the better-managed crypto platforms, Binance. As its name suggests, it’s pegged to the US Dollar. It’s really not meant to serve as a medium of exchange crypto, but a handful of businesses accept it.
Who accepts Binance USD
Should you buy Binance USD?
The main reason to buy BUSD would be to trade dollars for crypto on Binance exchange. It’s a bridge between the legacy financial system and the burgeoning cryptocurrency ecosystem.
BUSD - A Secure and Stable Cryptocurrency | Binance US
Backed by U.S. dollars, Built for the Binance ecosystem and beyond Stablecoins are digital assets that are designed to…
What you wouldn’t want to do is hold a lot of BUSD, as it’s pegged to the US Dollar and thus subject to inflation. Gold-backed crypto is a better bet is a more inflation-resistant option. As a regulated coin, with audited dollar-backing, it lends credibility to the whole Binance operation.
Are you an Entrepreneur, freelancer, or manager of a business accepting cryptocurrency?
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Paxos and BUSD are approved and regulated by the New York State Department of Financial Services, ensuring the utmost of consumer protections.
BACKED BY DOLLARS
BUSD is 100% backed by U.S. dollars held in FDIC-insured U.S. banks.
A top auditing firm will attest to the matching supply of BUSD tokens and underlying U.S. dollars on a monthly basis.
Highly regulated 1:1 USD-backed crypto stablecoin
These are digitised US Dollars and are always purchased and redeemed at 1 BUSD for 1 US dollar.