$BNB

BNB (Build'N'Build) is a token on the BNB chain. It was originally called Binance Coin when it was launched in July 2017, for users to pay fees on the company's platform. By 2021, BNB had the third highest market capitalization among cryptocurrencies.The token was initially on the Ethereum network, then moved to BNB Smart Chain when it was released in September 2020.In February 2022, the company changed the token's name to Build'N'Build. At that time, Binance Smart Chain was also renamed to BNB Chain. BNB Chain had previously been criticized for being overly centralized, which had led to several exploits on the network. BNB had 44 validators As of October 2022.

Binance USD

Binance USD (BUSD) was a US dollar-pegged stablecoin issued by Paxos on the behalf of Binance.In January 2023, Bloomberg reported that Binance-Peg BUSD "was often undercollateralized between 2020 and 2021. On three separate occasions, the gap between reserves and supply surpassed $1 billion." A Binance spokesperson said the "process of maintaining the backing ... has not always been flawless" but "has been much improved with enhanced discrepancy checks."

In 2022, BUSD became the third largest stablecoin by market capitalization,following Tether (USDT) and USD Coin (USDC).The New York Department of Financial Services issued an order to Paxos to stop minting new BUSD tokens in February 2023.

In a formal statement issued on September 1, 2023, Binance announced it would discontinue support for BUSD.

BEP-20 Token Standard

BEP-20 is a token standard on the Binance Smart Chain (BSC), based on ERC-20 from Ethereum. It defines rules for token transfers, ownership, and approvals within the BSC ecosystem.