Frequently Asked Questions
Launched in 2021, BUSD is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. BUSD works to disrupt the conventional financial system via a more modern approach to money. BUSD has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), BUSD has democratised cross-border transactions across the blockchain.
BUSD is built on top of the revolutionary and cryptographically secure open blockchain technologies and adheres to strict security and global government laws and regulations.
All BUSD tokens are pegged at 1-to-1 with a matching fiat currency (e.g., 1 BUSD = 1 USD) and are backed 100% by BUSD reserves. As a fully transparent company, we publish a daily record of our bank balances and the value of our reserves.
BUSD tokens can be securely stored, sent and received across the blockchain and are redeemable for cash (the underlying pegged asset) pursuant to Tether Limited’s terms of service.
We want to make BUSD tokens usable everywhere where you can use digital currency and in many places where digital currencies is not currently accepted.
Yes. BUSD platform is built to be transparent at all times. All BUSD tokens are backed 100% by BUSD reserves.
Just like with BUSD, there are no fees associated with creating or redeeming BUSD.