Hi It's Unicorn

BUSD refers to buy US dollars through Binance. BUSD is a 1:1 USD-backed stable currency issued in partnership with Paxos.

Paxos is the first regulated blockchain infrastructure platform, which approved by the New York State Department of Financial Services(NYDFS) and it is able to legally issue stablecoins. Paxos assists enterprise clients to tokenize, such as Binance BUSD and Huobi HUSD.

Stablecoins are cryptocurrencies which pegged to fiat currency to provide price stability.

For instance, BUSD is issued by Binance, and each BUSD you hold corresponds to 1 US dollar in the bank account to ensure that you can always buy and redeem your asset anytime with 1:1 pegged US dollars.

Currently, the most well-known stablecoin with the largest market cap is USDT. Its market cap is only after Bitcoin and Ethereum.

USDT is a stablecoin issued by Tether, and BUSD is a stablecoin issued by Binance. Both currencies are pegged to the US dollar. However, if you want to trade on Binance platform, there are many advantages to use BUSD as follows.   

1. It’s supported on both ERC-20 and BEP-2 and transfers your dollars anywhere in minutes, with low cost and on the blockchain.
2. Use BUSD on Binance to get transaction discounts.