Binance-Peg BUSD
BUSD
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
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AI Analysis
Comprehensive evaluation of the token
Binance-Peg BUSD Overall Analysis
Binance-Peg BUSD is a fully regulated, 1:1 USD-backed stablecoin issued by Paxos under NYDFS oversight and distributed by Binance. It delivers high security through regular third-party audits, transparent reserve attestations, and a spotless incident history. Its elastic supply and real-time mint/burn mechanism ensure stability and liquidity across multiple chains, making it a core settlement asset in CeFi and DeFi.
Strengths:
- Regulatory compliance and monthly reserve attestations ensure trust and transparency.
- Strong security record with external audits and no known exploits.
- Deep liquidity and broad DeFi integration for trading, hedging, and payments.
Weaknesses & Risks:
- Centralized governance and custody create counterparty and jurisdictional risk.
- Limited open-source development and community governance reduce protocol transparency.
- Moderate community engagement driven largely by official channels rather than grassroots enthusiasm.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Binance-Peg BUSD (BUSD)
Binance-Peg BUSD (BUSD)
Binance-Peg BUSD is a fully regulated, USD-backed stablecoin pegged 1:1 to the U.S. dollar. Issued in partnership with Paxos and approved by the New York Department of Financial Services (NYDFS), BUSD offers a secure, transparent, and low-volatility digital asset.
Key Features
- Stable Value: Each BUSD token is backed by an equivalent U.S. dollar held in FDIC-insured bank accounts or U.S. Treasury bills.
- Regulated Issuance: Issued by Paxos Trust Company under NYDFS oversight, with monthly reserve attestations by an independent auditor.
- Multi-Chain Support: Available on BNB Smart Chain, Ethereum (ERC-20), Polygon, Avalanche, and other major blockchains.
- Fast & Low-Cost Transactions: Enables near-instant transfers and minimal fees across supported networks.
Use Cases
- Trading & Hedging: Enter and exit volatile markets without moving funds off-chain.
- Payments & Remittances: Send USD-pegged value globally, 24/7, without currency conversion delays.
- DeFi Integration: Widely supported across decentralized exchanges, lending protocols, and yield platforms.
Technical Specifications
- Symbol: BUSD
- Decimals: 18
- Contract Addresses:
- BNB Smart Chain:
0xe9e7cea3dedca5984780bafc599bd69add087d56 - Ethereum (ERC-20):
0x4fabb145d64652a948d72533023f6e7a623c7c53
- BNB Smart Chain:
Discover the benefits of a regulated USD stablecoin with Binance-Peg BUSD.
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