Binance Peg BUSD token
Overview
Binance Peg BUSD was a tokenized representation of the BUSD stablecoin on blockchains other than Ethereum, issued by Binance to facilitate cross-chain use. It was pegged 1:1 to the US dollar and used for trading, payments, and decentralized finance applications on networks like BNB Chain and Avalanche. Because the underlying BUSD (issued by Paxos) has been wound down — Paxos halted minting in February 2023 and ended redemptions in February 2024 — Binance-Peg BUSD is effectively deprecated as of 2026-07-15.
Within the DeFi Intel graph, Binance Peg BUSD connects to 35 tracked entities, most strongly to Solana, Polygon, Avalanche.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 35 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Solana | 95% |
deployed_on | Polygon | 95% |
deployed_on | Avalanche | 95% |
deployed_on | BSC | 95% |
deployed_on | zkSync Era | 95% |
issued_by | Paxos | 95% |
deployed_on | Fantom | 95% |
deployed_on | OP Mainnet | 95% |
deployed_on | Moonbeam | 95% |
deployed_on | Metis | 95% |
Frequently asked questions
What is Binance Peg BUSD?
Binance Peg BUSD is a tokenized representation of the BUSD stablecoin on blockchains other than Ethereum, issued by Binance to facilitate cross-chain use. It is typically pegged 1:1 to the US dollar.
Who issued Binance Peg BUSD?
Binance Peg BUSD was issued by Binance, but the underlying BUSD stablecoin is issued by Paxos.
What blockchains is Binance Peg BUSD deployed on?
Binance Peg BUSD is deployed on BSC, Avalanche, Meter, Polygon, Moonriver, Moonbeam, and zkSync Era.