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Stablecoin information
BUSD is a 1:1 USD-backed stablecoin approved by the New York State Department of Financial Services (NYDFS), issued in partnership with Paxos.
Category:fiat-backed
Minting and Redemption
Paxos customers who have undergone a verification process can exchange USD for BUSD and redeem BUSD for USD.
Audits:
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | <0.0001% | <0.0001% | +0.00% | 34.11m | ||
| ioTube V5 | 100% | +0.00% | +0.00% | +0.00% | 211,738.21 | |
| Avalanche Bridge | 100% | +0.00% | +0.00% | +0.00% | 60,773.48 | |
| 100% | +0.00% | +0.00% | +0.00% | 25,143.36 | ||
| 100% | -0.25% | -0.74% | -1.03% | 4,301.07 | ||
| Multichain Bridge | 100% | -0.01% | -0.01% | -0.01% | 2,000.71 | |
| Loopring | 100% | -0.02% | -0.02% | -0.02% | 991.81 | |
| NEAR Rainbow Bridge | 100% | +0.32% | +0.32% | +0.32% | 102.33 | |
| 100% | -0.31% | -0.31% | -0.31% | 20.93 | ||
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