Advantages of BUSD over other centralized stablecoins

If we talk about stablecoins in general, they can be divided into “centralized” (although they work on the blockchain, but are issued by a centralized company and are strictly regulated by the government) and decentralized, algorithmic. Each option has its own advantages and disadvantages.

For regulated stablecloins, the main indicator of reliability and stability is the amount of funds in the accounts, it must be equal to or greater than the number of tokens in circulation. Moreover, it must be provable (transparency, regular audits). For example, USDT, the most popular stablecloin, is popular mainly due to the fact that it is one of the first, but it is not doing well with reserves.

BUSD is said to offer three advantages over other stablecoins on the market:

Absolute security. For every BUSD in circulation, there is a dollar held in the Paxos reserve.
Strict regulation. The project is regulated by the New York State Department of Financial Services (NYDFS).
Cost-Effective Trading Opportunity on Binance: BUSD trades on this exchange are free of charge (for limit orders).
Thus, it is one of the safest and most convenient stablecoins for holding capital and for trading. It can also be used in various Binance investment vehicles.