> open stablecoin/busd
Binance USD
USD-pegged stablecoin issued by Paxos under the Binance USD brand. SOG treats BUSD as discontinued after the 2023 minting halt and wind-down process.
Statusdiscontinued
Evidence4
| Symbol | BUSD |
|---|---|
| Status | discontinued |
| Peg asset | USD |
| Collateral model | fiat_backed |
| Issuer | Paxos |
| Reserve disclosure | available |
| Redemption status | wind_down |
| Launch date | 2019-09-05 |
| Discontinued date | 2024-02-01 |
| Confidence | medium |
| Last verified | 2026-06-01 |
Issuer dossier
Paxos · company · United States
Reserve reports
1 seed reserve disclosure reference(s) linked to this record.
Known unknowns
3 visible uncertainty item(s) kept for later review.
| Status | wind_down |
|---|---|
| Who can redeem | Paxos described redemption support during the BUSD wind-down; exact current availability requires source-backed review. |
| Retail redemption | wind_down_or_ended |
| Institutional redemption | wind_down_or_ended |
| Minimum redemption | source_review_needed |
| Region / access notes | Exchange conversion support and issuer redemption windows should be recorded separately when sources are added. |
| Registry note | BUSD is treated as discontinued, not failed. Redemption and support windows are part of the wind-down record. |
| Date | Title | Source | Type | Summary |
|---|---|---|---|---|
| 2023-02-13 | Paxos BUSD wind-down and issuance halt context | Paxos | issuer_regulatory_notice | Paxos announced it would stop issuing new BUSD and end its relationship with Binance for the Binance USD stablecoin. SOG records this as wind-down context, not as failed status. |
| 2023-08-31 | BUSD exchange support phase-out context | Binance | exchange_notice | Binance announced a gradual phase-out of BUSD product support. SOG records exchange support phase-out separately from Paxos issuer redemption and wind-down status. |
| 2024-07-11 | Reported SEC follow-up context for Paxos BUSD investigation | Reuters | reported_regulatory_followup | Reuters reported that the SEC had ended an investigation involving Paxos and BUSD. SOG records this only as reported follow-up context until an official source is added. |
| Chain | Deployment type | Status | Contract | Notes |
|---|---|---|---|---|
| Ethereum | issuer_supported_token | discontinued_or_wind_down_context | source_review_needed | BUSD Ethereum deployment placeholder. Contract metadata and post-wind-down status require source-backed review. Exchange support phase-out should be separated from issuer redemption status. |
| Coverage type | Count | Meaning |
|---|---|---|
| Issuer source | 2 | Source-backed reference present in this record. |
| Reserve reference | 1 | Source-backed reference present in this record. |
| Market data | 0 | No source of this type is linked yet. |
| Regulatory source | 3 | Source-backed reference present in this record. |
| Deployment / contract | 1 | Source-backed reference present in this record. |
| Exchange notice | 1 | Source-backed reference present in this record. |
| News / analysis | 0 | No source of this type is linked yet. |
| Archive capture | 0 | No source of this type is linked yet. |
| Other source | 0 | No source of this type is linked yet. |
| Date | Stage | Record | Detail |
|---|---|---|---|
| 2019-09-05 | launched | Binance USD launch | Launch date recorded on the stablecoin entity. |
| 2023-02-13 | wind_down_announced | Paxos announces BUSD minting halt and wind-down | Event recorded in the registry timeline. |
| 2024-02-01 | discontinued | Binance USD discontinued status | Discontinued date is recorded on the stablecoin entity. |
| 2026-06-01 | current_status | Current registry status: discontinued | This is the current SOG registry label, not a safety score. |
| Date | Event | Type | Impact | Recovered | Mechanism |
|---|---|---|---|---|---|
| 2023-02-13 | Paxos announces BUSD minting halt and wind-down | wind_down_announced | high | — | issuer_wind_down |
| Date | Publisher | Type | Asset categories | Confidence |
|---|---|---|---|---|
| 2023-02-13 | Paxos | issuer_disclosure | cash, us_treasury_bills | medium |
| Source | Publisher | Type | Claim scope | Reliability |
|---|---|---|---|---|
| Paxos to end relationship with Binance for BUSD | Paxos | issuer_statement | discontinued_status | high |
| Paxos BUSD issuer context | Paxos | issuer_statement | entity_redemption_wind_down | medium |
| Binance BUSD support phase-out notice | Binance | exchange_notice | exchange_support_phaseout | medium |
| SEC ends Paxos BUSD investigation, report | Reuters | news_analysis | regulatory_followup | medium |
| Topic | Description | Severity | Last checked |
|---|---|---|---|
| redemption_deadline | Final BUSD redemption window, current Paxos redemption status, and post-wind-down handling need exact source-backed review before SOG displays final availability as fact. | medium | 2026-06-03 |
| exchange_phaseout_scope | Exchange support phase-out, automatic conversion programs, and remaining market support vary by platform and should not be confused with issuer redemption. | medium | 2026-06-03 |
| regulatory_followup | NYDFS/SEC-related BUSD follow-up needs source-specific separation between official notices, company statements, and later news reports. | medium | 2026-06-03 |
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