Binance BUSD Peg Opens on TRON

Binance has confirmed the completion of its BUSD to the TRON Network. The Binance pegged US stablecoin is now open for deposits and withdrawals.

The latest development, according to the December 30 blog post from Binance, will allow users to transfer Paxos-issued BUSD and Binance-Peg BUSD between Ethereum, BNB Chain, Avalanche, Polygon, and TRON networks.

The Binance pegged BUSD is a wrapped version of the Ethereum-based version issued by PAXOS. The Binance-Peg version of BUSD is independently minted on BNB Chain, Ethereum, Avalanche, and Polygon, and is fully backed 1-1 by Binance.

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