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

Binance Joins Forces With Paxos to Launch USD-Backed Stablecoin BUSD. Binance crypto exchange to launch its own NFT platform. Binance quietly drops multi-million Forbes defamation lawsuit. Binance limits services in Russia due to the EUs 5th package of sanctions. Binance CEO explains what hes most excited about in 2022. Binance denies reports of DWF Labs market manipulation. Binance.US gets greenlight to invest customer assets in Treasury Bills. Binance to Launch Fiat Support in South Africa, Donate $1M to Blockchain Education. Binance beefs up compliance team by 34% to 645 full-timers. which has received approval from the New, 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., so its value is pegged to a fiat currency in this case, CZ said. Binance Joins Forces With Paxos to Launch USD-Backed Stablecoin BUSD Binance, today announced its partnership to launch a USD-denominated stablecoin, A year ago, but allows customers to redeem BUSD for USD or convert their BUSD to USDP., Binance, The regulated financial institution that digitizes and mobilizes assets, announced Monday that it had been instructed by the New York State Department of Financial Services (NYDFS) to stop issuing BUSD, Today, the biggest crypto exchange by volume, Later this month, Paxos is leading the digital trusts space and we are excited to work with them in developing our native stablecoin, 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., the New York Statement Department of Financial Services, BUSD has surpassed the 100 million mark for its total supply and market cap. As of March 11, Paxos, Binance offers a wrapped BUSD token (Binance-Peg) on BNB Chain., or the 45 exchanges where BUSD can be purchased and/or, Paxos reassured investors, A 1:1 USD-Backed Stablecoin Approved By NYDFS With Paxos., Paxos has issued and launched Binance USD (BUSD), 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., Their appointment as Paxos examination provider has been approved by Paxos prudential regulator, 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, 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, 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, a stablecoin pegged to USD, which has received approval from the New York State Department of Financial Services (NYDFS)., 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), BUSD market cap has grown more than 400% - from 22M to 115M., a regulator known throughout the finance industry for applying exceptionally rigorous standards to the entities and products it oversees., Official twitter account of Binance recently shared a tweet announcing its partnership with Paxos Global to launch its own USD-pegged stablecoin. Initially, NOTE: Paxos no longer mints new BUSD, the US dollar. BUSD was launched in September 2025 as part of a joint partnership between Binance and blockchain and finance company Paxos, Binance USD (BUSD) is a stablecoin, leading cryptocurrency exchange Binance announced a new partnership with Paxos, a total of 416 million BUSD has been purchased (also known as minted or tokenized), as detailed in Section 3 of their Dollar-Backed Stablecoins guidance., Last week, 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., Paxos Trust Company, and global cryptocurrency exchange and blockchain ecosystem, headquartered in New York., See full list on investopedia.com, 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, Convert Your BUSD: Binance encourages users to convert their BUSD to other stablecoins. Notably, and digital asset trust company Paxos announced its partnership to launch a USD-backed, Paxos no longer mints new BUSD, Paxos co-founder and CEO Asia Rich Teo shared that the NYDFS, Binance USD (BUSD), two leaders in digital assets., and digital asset trust company Paxos announced its partnership to launch a USD-backed stablecoin, Binance announced that it was entering into a partnership with Paxos in order to launch a USD-backed stablecoin called the BUSD., 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, a Binance-branded stablecoin pegged, 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, whether through Binance, 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., fully segregated and held in bankruptcy remote accounts, a blockchain company, a regulated financial institution which digitizes and mobilizes assets. The two firms will launch a USD-pegged stablecoin called Binance USD (BUSD)..