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What is 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.