> open stablecoin/busd
Binance USD
USD-pegged stablecoin issued by Paxos under the Binance USD brand. SOG treats BUSD as discontinued after the 2023 minting halt and wind-down process.
Statusdiscontinued
Evidence1
| Symbol | BUSD |
|---|---|
| Status | discontinued |
| Peg asset | USD |
| Collateral model | fiat_backed |
| Issuer | Paxos |
| Reserve disclosure | available |
| Redemption status | wind_down |
| Launch date | 2019-09-05 |
| Discontinued date | 2024-02-01 |
| Confidence | medium |
| Last verified | 2026-06-01 |
Issuer dossier
Paxos · company · United States
Reserve reports
1 seed reserve disclosure reference(s) linked to this record.
Known unknowns
1 visible uncertainty item(s) kept for later review.
| Date | Event | Type | Impact | Recovered | Mechanism |
|---|---|---|---|---|---|
| 2023-02-13 | Paxos announces BUSD minting halt and wind-down | wind_down_announced | high | — | issuer_wind_down |
| Date | Publisher | Type | Asset categories | Confidence |
|---|---|---|---|---|
| 2023-02-13 | Paxos | issuer_disclosure | cash, us_treasury_bills | medium |
| Source | Publisher | Type | Claim scope | Reliability |
|---|---|---|---|---|
| Paxos to end relationship with Binance for BUSD | Paxos | issuer_statement | discontinued_status | high |
| Topic | Description | Severity | Last checked |
|---|---|---|---|
| redemption_deadline | Final redemption window, exchange conversion support, and post-wind-down handling need fuller source coverage. | medium | 2026-06-01 |
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