31 December 2017
Binance US Dollar - BUSD
DEVELOPED IN PARTNERSHIP WITH BINANCE
BUSD was created in partnership between the largest and most trusted companies in the crypto space.
Paxos and BUSD are approved and regulated by the New York State Department of Financial Services, ensuring the utmost of consumer protections.
BACKED BY DOLLARS
BUSD is 100% backed by reserves held in either or both (i) fiat cash in dedicated omnibus accounts at insured U.S. banks and/or (ii) U.S. Treasury bills (including through repurchase agreements and/or money-market funds invested in U.S. Treasury bills).
A top auditing firm will attest to the matching supply of BUSD tokens and underlying U.S. dollars on a monthly basis.
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News: You can now pay advertisement with your own token