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Binance USD (Multichain Bridge)

MBUSD
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About Binance USD (Multichain Bridge)

For clear data distinction, this token, initially issued as BUSD and bridged onto multiple networks by Multichain Bridge (previously Anyswap), is listed under the alternative ticker MBUSD. The Binance Pegged BUSD is a token offered as part of the pegged token service by Binance. For this token, Binance locks FDUSD tokens and issues the equivalent amount of Binance-Peg BUSD on corresponding other networks (BNB Chain, Avalanche, Polygon, TRON, Optimism, etc.). Please note that Binance-Peg BUSD is a Binance product; it is not issued by Paxos, is not regulated by the NYDFS, and is not collateralized by BUSD on Ethereum. Additionally, Binance USD (BUSD) has been deprecated and is no longer issued or supported on major platforms. This distinction ensures precise tracking and management of assets across different liquidity pools, governance structures, and technical infrastructures in multiple networks.

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