Binance-Peg BUSD

BUSD

Stablecoin, stable asset weights

STRICT score withheld.Score opens with Pro

Sustainabilitywithheld×0.28–

Transparencywithheld×0.24–

Revenuewithheld×0.08–

Innovationwithheld×0.08–

Communitywithheld×0.12–

Tokenomicswithheld×0.20–

Weights are public.

The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.

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About Binance-Peg BUSD

Analysis of 16 Feb 2026

Binance-Peg BUSD is a discontinued USD-backed stablecoin with a market cap of $290.54M and circulating supply of 290 million tokens as of February 16, 2026, trading at $0.9978. Despite Paxos halting new BUSD minting on February 21, 2023 per NYDFS order, the BSC bridge version maintains significant supply through Binance's pegged token service, which locks assets and issues equivalent BUSD on BNB Chain.

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This represents an 82% decline from the February 2023 peak of $16B but a substantial increase from previously reported levels, indicating ongoing bridge activity. Paxos paid a $48.5M NYDFS settlement in August 2025 for AML compliance failures related to monitoring $1.6B in illicit Binance transactions (2017-2022).

The SEC dropped its unregistered security case against Paxos in July 2024. Binance ceased official support for BUSD products on December 15, 2023, auto-converting user balances to FDUSD.

Current 24-hour trading volume is $2.02M across fragmented venues, primarily PancakeSwap v2 with $432K in WBNB/BUSD pair activity. The token maintains 3.83 million holders on BSC and serves as a redemption vehicle through Paxos for ERC-20 BUSD at 1:1 USD parity.

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