Binance USD (BUSD)
Binance USD (BUSD) is a stablecoin developed and utilized by the Binance exchange platform. It is pegged at a 1:1 ratio to the U.S. dollar and was initially launched on the BNB Chain. BUSD is interoperable with other blockchains, including Ethereum, enabling its use in various decentralized finance (DeFi) applications and facilitating value transfers between blockchains. With a market capitalization of approximately USD 18 billion as of June 2022, BUSD stands as one of the largest USD-pegged stablecoins globally.