Binance USD (BUSD): D-Score 29/100 — Centralized Leaning BlockIndex D-Score: 29/100 (Centralized Leaning). Binance USD (BUSD) is a Layer 2 cryptocurrency using PoS consensus. Binance USD (BUSD): Regulated USD-backed stablecoin by Paxos enabling low-volatility settlement across exchanges and DeFi with multi-chain support. Source: https://blockindex.ai/coin/busd · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 29: Node distribution: 0: Initial distribution: 0: Governance: 16: Age and history: 13: Autonomy: 0: Key facts - Layer: Layer 2 - Consensus: PoS (N/A) - Launch: Other (2019) - Founder: Paxos Trust Company, LLC (issuer); Binance (partner) - VC funded: No - Max supply: N/A - Circulating: 37,842,261 Market data (as of 2026-06-19) - Price: $1 - Market cap: $37.83M - 24h volume: $1.03M - 24h change: +0.04% · 7d change: -0.02% About Binance USD (BUSD) is a fiat-collateralized stablecoin issued 1:1 against the U.S. dollar by Paxos Trust Company, LLC in partnership with Binance. Introduced in September 2019, BUSD was created to provide a low-volatility, blockchain-native dollar substitute for trading, lending, collateralization and payments. The asset is distribution-oriented rather than protocol-driven: Paxos mints and redeems tokens against on‑ledger and off‑ledger reserves, and Binance facilitates market access and wrapped representations for BNB Chain ecosystems. Throughout its history, Paxos has emphasized regulatory compliance and transparency, regularly publishing reserve attestations and engaging with supervisory authorities; these disclosures underpin BUSD’s market positioning as a regulated, centrally issued stablecoin intended for broad marketplace utility rather than on‑chain governance. From a technology perspective, BUSD is a token that exists primarily as an ERC-20 contract on Ethereum with wrapped or pegged variants on Binance’s BNB Chain (BEP-2/BEP-20 representations). Because BUSD is issuer‑minted, it inherits the consensus properties of its host networks (for example, Ethereum’s post‑merge PoS and BNB Chain’s PoSA), and it does not implement its own consensus, staking, or block‑production mechanics. Technical considerations for users focus on contract-level transparency (contract addresses and explorer visibility), cross‑chain wrapped tokens, and integration points with wallets, exchanges and DeFi primitives. Key infrastructure partners and analytics platforms (Etherscan, BNB Chain explorer, CoinMarketCap, CoinGecko and others) provide visibility into circulating supply, holder counts and on‑chain transfers, while Paxos’ reserve reports supply the off‑chain assurances that anchor the peg. In practical use, BUSD serves trading desks, centralized exchanges, and DeFi protocols as a settlement currency and collateral asset. Its peg model—1:1 USD backed by Paxos custodial reserves composed primarily of cash and short‑duration U.S. Treasury instruments—supports low volatility and predictable redemption for institutional and retail counterparties. Circulating supply and holder statistics reported in the provided materials indicate meaningful adoption (circulating supply ~55.02M and millions of holder addresses), and the token’s listings across major centralized exchanges ensure deep liquidity for common trading and settlement pairs. BUSD’s role in DeFi is typically as a stable collateral or lending asset rather than as a native governance or protocol token; operational controls reside with Paxos rather than with token holders. Governance and organizationally, BUSD is a corporate‑issued asset rather than a community‑governed protocol. Issuance and redemption processes are managed off‑chain by Paxos under regulatory oversight, and the supplied documentation indicates NYDFS engagement and issuer disclosures. There is no evidence of on‑chain DAO governance, token voting, or developer fund mechanisms in the materials provided. Notable operational events captured in the combined summary include reserve disclosures, issuer operational decisions (including halting minting in response to regulatory developments as documented in the inputs), and exchange support changes announced by Binance. Future evolution for BUSD is likely to remain operational and compliance‑driven—changes to listings, wrapped representations, and issuer policies—rather than protocol upgrades in the typical blockchain sense. Links - Website: https://www.paxos.com/busd/ - Whitepaper: N/A - GitHub: N/A --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore