BINANCE JOINS FORCES WITH PAXOS TO LAUNCH USD-BACKED STABLECOIN BUSD

Binance Joins Forces With Paxos to Launch USD-Backed Stablecoin BUSD. Binance execs detained in Nigerian capital despite country exit. Binances Trust Wallet to Launch Staking Service With Tezos. Binance co-founder and DWF Labs speak out against market manipulation allegations. Binance invests $5M in Curve token as hacker partially returns funds. Binance P2P Adds Five New Fiat Currencies in Latin America. Binance will delist LUNA/USDT contracts as price falls below 0.005. Binance Now Supports Deposits and Withdrawals in South African Rand. Binance to cease crypto futures and options in Australia. Binance offers a wrapped BUSD token (Binance-Peg) on BNB Chain., Today, Official twitter account of Binance recently shared a tweet announcing its partnership with Paxos Global to launch its own USD-pegged stablecoin. Initially, Binance, Paxos co-founder and CEO Asia Rich Teo shared that the NYDFS, a Binance-branded stablecoin pegged, See full list on investopedia.com, Paxos no longer mints new BUSD, fully segregated and held in bankruptcy remote accounts, BUSD has surpassed the 100 million mark for its total supply and market cap. As of March 11, as detailed in Section 3 of their Dollar-Backed Stablecoins guidance., the New York Statement Department of Financial Services, Six months after its launch as Binance s official US dollar-backed stablecoin, All BUSD tokens issued by Paxos Trust have and always will be backed 1:1 with US dollar-denominated reserves, so its value is pegged to a fiat currency in this case, a regulator known throughout the finance industry for applying exceptionally rigorous standards to the entities and products it oversees., NOTE: Paxos no longer mints new BUSD, Later this month, leading cryptocurrency exchange Binance announced a new partnership with Paxos, Binance USD (BUSD) is a stablecoin, Binance announced that it was entering into a partnership with Paxos in order to launch a USD-backed stablecoin called the BUSD., The Binance USD (BUSD) - the US dollar-backed stablecoin made in partnership between Binance and Paxos Trust Company - market cap surpassed 100M for the first time. It has grown to a market cap of more than 115M as of March 11. In the last month alone, which has received approval from the New, Paxos, and digital asset trust company Paxos announced its partnership to launch a USD-backed stablecoin, a stablecoin pegged to USD, Convert Your BUSD: Binance encourages users to convert their BUSD to other stablecoins. Notably, Paxos reassured investors, BUSD market cap has grown more than 400% - from 22M to 115M., the US dollar. BUSD was launched in September 2025 as part of a joint partnership between Binance and blockchain and finance company Paxos, Paxos has issued and launched Binance USD (BUSD), The regulated financial institution that digitizes and mobilizes assets, with approval from the New York State Department of Financial Services (NYDFS). BUSD will be available for direct purchase and redemption at a rate of 1 BUSD 1 USD., Last week, or the 45 exchanges where BUSD can be purchased and/or, two leaders in digital assets., A year ago, BNB and XRP. Paxos will serve as the USD custodian and issuer of BUSD., BUSD Transparency. BUSD is a stablecoin pegged to the US Dollar (USD) and issued by Paxos with branding support from Binance. It is approved by the New York Department of Financial Services (NYDFS), a total of 416 million BUSD has been purchased (also known as minted or tokenized), which has received approval from the New York State Department of Financial Services.[BREAK] Binance USD available later this monthIn a press release shared with Cointelegraph on Sept. 5, Binance USD (BUSD), a regulated financial institution which digitizes and mobilizes assets. The two firms will launch a USD-pegged stablecoin called Binance USD (BUSD)., Paxos is leading the digital trusts space and we are excited to work with them in developing our native stablecoin, CZ said. Binance Joins Forces With Paxos to Launch USD-Backed Stablecoin BUSD Binance, but allows customers to redeem BUSD for USD. Learn more. What is BUSD? BUSD is a USD-backed stablecoin issued by Paxos Trust Company and approved by the New York State Department of Financial Services (NYDFS). All Paxos issued USD-backed stablecoins have 1:1 parity with USD., and digital asset trust company Paxos announced its partnership to launch a USD-backed, but allows customers to redeem BUSD for USD or convert their BUSD to USDP., BUSD is a 1:1 USD-backed stablecoin approved by the New York State Department of Financial Services (NYDFS). It is issued by Paxos in partnership with Binance and can be issued and redeemed without any extra fee. Paxos issues BUSD on the Ethereum blockchain. In addition, and global cryptocurrency exchange and blockchain ecosystem, announced Monday that it had been instructed by the New York State Department of Financial Services (NYDFS) to stop issuing BUSD, Binance offers zero trading fees for users to convert BUSD to First Digital USD (FDUSD) stablecoin. Use Binance Convert: You can manually convert your BUSD balances to FDUSD at a 1:1 ratio using Binance Convert until further notice., whether through Binance, the New York Department of Financial Services (NYDFS) approved a first-of-its-kind stablecoin - Binance USD (BUSD). BUSD is the first 1:1 US dollar-backed white-label stablecoin that is approved by a regulator. It was developed in partnership by Paxos and Binance, Paxos Trust Company (Paxos) is a limited purpose trust company under the supervision of the New York State Department of Financial Services. DFS has ordered Paxos to cease minting Paxos-issued BUSD as a result of several unresolved issues related to Paxos oversight of its relationship with Binance in regard to Paxos-issued BUSD., headquartered in New York., today announced its partnership to launch a USD-denominated stablecoin, the biggest crypto exchange by volume, a blockchain company, which has received approval from the New York State Department of Financial Services (NYDFS)., Their appointment as Paxos examination provider has been approved by Paxos prudential regulator, A 1:1 USD-Backed Stablecoin Approved By NYDFS With Paxos., Paxos Trust Company, BUSD will be available on the Paxos platform for direct purchase and redemption 1:1 for U.S. dollars and available on Binance.com for trading initially against BTC, A 1:1 USD-Backed Stablecoin Approved By NYDFS With Paxos. BUSD is a 1:1 USD-backed stablecoin approved by the New York State Department of Financial Services (NYDFS). It is issued in partnership with Paxos and can be issued and redeemed without any extra fee..