Binance USD (BUSD) is a stablecoin created by Binance, one of the largest cryptocurrency exchanges in the world. It is pegged to the U.S. dollar, meaning that for every BUSD issued, there is an equivalent amount of U.S. dollars held in reserve. This makes BUSD a reliable option for traders and investors looking to minimize volatility in the cryptocurrency market. BUSD is widely used for trading on the Binance platform and can also be utilized in various decentralized finance (DeFi) applications. Its regulatory compliance and transparency, backed by regular audits, help build trust among users, making it a popular choice for those seeking a stable digital asset.