BUSD

We’re pleased to announce that BUSD is now available on <a href="https://www.gemini.com/" rel="noopener noreferrer nofollow">Gemini</a>. We believe that BUSD’s wide adoption and our commitment to high standards will benefit crypto traders. With BUSD’s emphasis on compliance, we can safeguard the trust of both users and regulators in stablecoins while opening opportunities for the private and public sectors to cooperate in establishing stablecoins as an important asset class in the global economy.
About BUSD
BUSD is a fiat-backed stablecoin pegged to the US dollar and issued by Paxos. BUSD is available for purchase and redemption at a rate of 1 BUSD to 1 USD. The stablecoin was launched in September 2019 in partnership with Binance and is now the sixth largest cryptocurrency by market cap and the third largest stablecoin. BUSD is an ERC-20 token issued on Ethereum. There are also BEP-20 and BEP-2 Binance-Peg tokens available with multiple use cases on BNB Chain and <a href="https://www.binance.com/en" rel="noopener noreferrer nofollow">Binance.com</a>.
About Gemini
Gemini is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS). Gemini is subject to capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the NYSDFS and the New York Banking Law. Gemini is also a fiduciary and Qualified Custodian.
Note that only ERC-20 BUSD is supported on Gemini. If users transfer wrongly may result in assets loss and can not be recovered. For more details, please refer to the announcement <a href="https://www.gemini.com/blog/gemini-now-supports-binance-usd-busd" rel="noopener noreferrer nofollow">here</a>.

BUSD Is Now Available on Gemini

BUSD

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