Binance USD (BUSD) is a stablecoin cryptocurrency that is pegged to the US dollar. It was launched in September 2019 by Binance, one of the largest cryptocurrency exchanges in the world. BUSD is designed to provide users with a stable and secure way to store and transfer funds, without the volatility that is often associated with other cryptocurrencies. BUSD is backed by a reserve of US dollars, which means that for every BUSD token in circulation, there is an equivalent amount of US dollars held in reserve. This ensures that the value of BUSD remains stable and predictable, making it an attractive option for traders and investors who want to avoid the risks associated with other cryptocurrencies.

BUSD is built on the Ethereum blockchain, which means that it benefits from the security and transparency of the Ethereum network. It is also compatible with a wide range of wallets and exchanges, making it easy for users to buy, sell, and trade BUSD. BUSD has quickly become one of the most popular stablecoins in the cryptocurrency market, with a market capitalization of over $1 billion. It is widely used by traders and investors who want to hedge against the volatility of other cryptocurrencies, as well as by businesses and individuals who want to make fast and secure payments without the need for traditional banking services.