What is Binance USD (BUSD)?
Binance USD, or BUSD for short, is a stablecoin released by Binance in collaboration with Paxos. BUSD is a fiat-backed stablecoin that aims to maintain the USD exchange rate of 1:1 with the support of Paxos' fiat reserves. Both Paxos and BUSD are registered with the New York State Department of Financial Services; therefore, user's benefits are relatively well-protected upon using BUSD compared to when using other unregulated stablecoins. BUSD is available on multiple blockchain platforms, including Ethereum, BNB Chain, Avalanche, and Polygon.
How Binance USD (BUSD) Works
Paxos' reserves ensure that 1 BUSD can be redeemed to 1 USD through the process of minting and burning BUSD. When you buy BUSD using fiat, the fiat is sent to the reserves and a corresponding amount of BUSD is minted and sent to your wallet. On the other hand, when you sell BUSD for fiat, the BUSD is burned and a corresponding amount of fiat is sent from the reserves to your wallet.
Since it is regulated, Paxos has to publish regular attestation reports about the state of their reserves and have the reports audited by a third party.
How Many Binance USD (BUSD) Tokens Are in Circulation?
Because the supply of BUSD is managed by the Paxos' reserves, there is no maximum supply. Regarding circulating supply, there is 21.04 billion BUSD in total.
How to Buy Binance USD (BUSD)
Consider investing in Binance USD (BUSD)? It only takes 2 minutes to create an account on Bitget and start trading BUSD.
Check out the available BUSD trading pairs on Bitget!
Spot market
Binance USD (BUSD) Resources
Simple 3-step guide to buying BUSD today in Vietnam
Create your free Bitget account
Select a funding method
Complete your Binance USD purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Binance USD using a payment method of your choice:
Buy Binance USD with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Binance USD order.
How to buy crypto with credit/debit cardBuy Binance USD with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Binance USD is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Binance USD order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Binance USD order.Buy Binance USD with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Binance USD order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Binance USD in your Bitget spot wallet
Bitget—where the world trades Binance USD
How to buy Binance USD for free
- Learn how to earn Binance USD for free through the Learn2Earn promotion
- Earn free Binance USD by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Binance USD airdrops by joining ongoing challenges and promotions
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FAQ
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Sharing borders with China, Laos, and Cambodia is the Southeast Asian country of Vietnam, home to 99 million residents across its more than 311,000 square kilometers. While Ho Chi Minh is the nation’s largest city (with a population of over 3.4 million), its northern, smaller neighbour Hanoi serves as Vietnam’s capital. The former acts as the country’s financial, technological, and academic hub while the latter boasts a series of historical and religious sites, making it a popular tourist destination.
Within the Southeast Asia region, Vietnam is among one of the fastest-growing economies, with projections for the developing country to rival its developed counterparts by as early as 2050. To further boost its growth, it has also joined several intergovernmental organizations including the ASEAN, APEC, CPTPP, and WTO.
When in Vietnam, some of the top sights not to miss include Halong Bay, Hue, the old district of Da Kao in Ho Chi Minh and the old town quarter of Hanoi, Hoi An, Nha Trang, the countryside of Sapa, and the Phong Nha-Ke Bang National Park. Foodies may also want to try some of the country’s signature delicacies, such as Phở, Bánh cuốn, Gỏi cuốn, Bún bò, and Bánh mì.
Vietnamese is the official language of Vietnam, and Bitget app and website are available in Vietnamese. Bitget also directly supports Vietnam Dong (VND), the national currency of Vietnam, and you can purchase Binance USD(BUSD) in just a matter of minutes, no matter where you are in the country, from Ho Chi Minh, Hanoi, Hue, Nha Trang to Da Nang and Hai Phong. Our exchange offers a series of secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.