# BUSD Binance USD, which is also known as BUSD, is **a U.S. dollar stablecoin issued by crypto exchange Binance and blockchain company Paxos Trust**. Similar to rivals USDC and tether (USDT), the BUSD stablecoin maintains a price of one U.S. dollar at all times through its backing of fiat reserves. ***Important Update:*** Binance will gradually cease support for BUSD products. Read more [here](https://www.binance.com/en/support/announcement/binance-encourages-users-to-convert-busd-to-other-stablecoins-prior-to-february-2024-d392843e81fd4bc3a5f7e219aa01f34d). --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://learn.intelly.tech/busd.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.