Binance USD
Name
Binance USD
Summary
BUSD as a 1:1 USD-backed stablecoin authoirsed by the New York State Department of Financial Services (NYDFS).
-It is issued in collaboration with Binance by Paxos and may be issued and redeemed without any additional fees.
-Paxos uses the Ethereum blockchain to issue BUSD.
Rating
Symbol
BUSD
Overview
Binance USD (BUSD) is a fiat-collateralized stablecoin that combines the benefits of trading with blockchain-based assets with the risk of price fluctuations. BUSD are issued as ERC-20 tokens on the Ethereum blockchain and are backed by USD stored in Paxos bank accounts in the United States. Along with GUSD and PAX, BUSD is one of three stablecoins certified by Wall Street regulators.
Historical Price Movement (in INR)
Technology
It is a digital fiat currency, issued as ERC-20 and supports BEP-2.
Since, it supports BEP-2, the programming language used are as follows: GO, Java, Javascript, C++, C#, Python, and Swift.
Since, it is based on ethereum, solidity is used as the programming language.
Token Allocation
NA
Volume (18th April 2022)
$2,764,576,945
Total Supply
17747431577
Circulating supply
17.75B BUSD
Crowd Sales
NA
Funding
NA
Country
USA
Name of Organization
Paxos Trust Company, LLC
Year Incorporated
2019
Registered Address
450 Lexington Avenue, Suite 3952, New York, US-NY 10163
Dispute Resolution and Governing Law
USA
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Charles Cascarilla | Co-Founder and CEO | University of Notre Dame: Bachelor of Business Administration (BBA), Finance | 22 Yrs |
