$BNB Stablecoin for Binance (BUSD):

BUSD is the stablecoin issued by the Binance platform and pegged to the US Dollar (USD). BUSD is issued in collaboration with Paxos, which is licensed by the New York State Department of Financial Services (NYDFS). This currency is fully backed 1:1 by the US Dollar, meaning that every unit of BUSD is backed by one dollar in reserves.

Advantages of BUSD:

1. Stability: Since BUSD is backed by the US Dollar, it is considered one of the stablecoins that maintain its value.

2. Easy trading: BUSD can be used as a means of conversion between different cryptocurrencies, making trading on the Binance platform easier.

3. Compatibility with DeFi: Since BUSD is considered a stablecoin, it can be used on decentralized finance platforms.