What is 'BUSD'

Binance-USD ($BUSD) is a stablecoin created by Binance/Paxos and is regulated and approved by the New York State Department of Financial Services. $BUSD is pegged 1-1 with the US dollar, meaning 1 $BUSD holds the same value as 1 US dollar. $BUSD can easily be converted to US dollar, or retained as a crypto.