cryptolinkbase.com
Cryptocurrency and Blockchain Knowledge Directory.
Category: Stablecoins -> Stablecoins Home Sites
Type: homesite
BUSD is a fully centralized stablecoin pegged to the U.S. dollar. Paxos Trust Co. is the USD custodian and issuer of BUSD on Ethereum Network. Paxos publish monthly attestations, but only for USDP, not BUSD. Minting on BNB/BSC chains are not under control of any institutions. BUSD lack of transparency and collaterization details is defiant, but this is trusted Binance trademark.
