Binance USD (BUSD) is a stablecoin backed 1:1 with the U.S. dollar, issued by Binance in partnership with Paxos. Regulated by the New York State Department of Financial Services (NYDFS), BUSD was launched on September 5, 2019. It combines the stability of the dollar with blockchain technology and is issued as both ERC-20 and BEP-2 tokens. Monthly audit reports are available on the official website, reflecting its commitment to transparency and regulatory compliance.