Binance USD (BUSD) is a fiat-backed US dollar stablecoin issued by Paxos Trust Company. It has about $34.1M in circulation, ranking #91 among the stablecoins CoinScoop tracks, and runs on 7 blockchains.
BUSD price
$0.9907
Slightly off peg Circulating supply
$34.1M
30-day change
0.0%
Price
$0.9907
Blockchains
7
Tracked since
Apr 2020
What is BUSD?
Binance USD (BUSD) is a fiat-backed US dollar stablecoin issued by Paxos Trust Company. It has about $34.1M in circulation, ranking #91 among the stablecoins CoinScoop tracks, and runs on 7 blockchains.
New BUSD minting stopped in February 2023 after a New York DFS order, so supply has been winding down since.
In the issuer's words: BUSD is a 1:1 USD-backed stablecoin approved by the New York State Department of Financial Services (NYDFS), issued in partnership with Paxos.
BUSD supply history
$56.7M$33.0M
Oct 8, 2025Oct 8, 2026
$23.60B$0
Apr 17, 2020Oct 8, 2026
BUSD supply was flat over the past 30 days. Its peak was $23.47B in November 2022, and supply is 100% below that high.
Is BUSD holding its peg?
Last price
$0.9907
Target
1.0000 USD
Status
Slightly off pegBUSD is trading 0.5–2% from its target. Small coins often drift like this on thin markets. A gap that persists usually reflects redemption friction or doubts about the backing.
Where BUSD lives: supply by blockchain
Supply is concentrated: Ethereum holds 99% of all BUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How BUSD is backed
BUSD is backed by US dollar reserves.
Minting and redemption: Paxos customers who have undergone a verification process can exchange USD for BUSD and redeem BUSD for USD.
Reserve reports and audits: paxos.com
BUSD risks
Issuer and custody
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Freezes and blacklists
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
Small and thinly traded
With $34.1M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Bridged versions
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Currently off peg
At the last update BUSD traded at $0.9907 against a target of 1.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
BUSD vs USDT and USDC
Similar fiat-backed stablecoins
See all →
BUSD in the news
BUSD FAQ
What is BUSD?
Binance USD (BUSD) is a fiat-backed US dollar stablecoin issued by Paxos Trust Company. It has about $34.1M in circulation, ranking #91 among the stablecoins CoinScoop tracks, and runs on 7 blockchains.
Is BUSD pegged 1:1 to the US dollar?
BUSD targets 1 USD. At the last update it traded at $0.9907, a deviation of -0.93%, which we classify as "slightly off peg".
What backs BUSD?
BUSD is a fiat-backed stablecoin. US dollar reserves.
Which blockchains is BUSD on?
BUSD is live on 7 blockchains. The largest by supply are Ethereum ($34.1M), IoTeX ($212K), Avalanche ($61K).
How much BUSD is in circulation?
About $34.1M of BUSD was in circulation at the last update, 0.0% over 30 days. That makes it the #91 stablecoin by supply among those we track.
Does BUSD pay interest?
No. BUSD does not pay yield to holders directly. Any interest earned on its reserves goes to the issuer. Some platforms offer rewards for holding it, but those are paid by the platform, not by BUSD.
Is BUSD safe?
No stablecoin is risk-free. As a fiat-backed design, BUSD's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. Its supply is small, so liquidity can be thin. It currently shows "slightly off peg" on our peg monitor. This page is information, not investment advice.