BUSD, or Binance USD, is a stablecoin that was launched in September 2019 by Binance in partnership with Paxos. Designed to offer price stability, BUSD maintains a 1:1 peg with the US dollar, fully backed by reserves held by Paxos, ensuring users can buy and redeem at no loss to value. This stablecoin adheres to strict regulatory standards under the New York State Department of Financial Services, providing assurance of safety and transparency. As an ERC-20 and BEP-2 token, BUSD blends seamlessly into the Ethereum and Binance ecosystems, facilitating easy transactions across multiple platforms. By offering low transaction costs and swift settlement times, BUSD is particularly attractive for traders and businesses seeking a reliable means for value exchange and digital transactions.