BUSD, or Binance USD, is a stablecoin that is pegged to the US dollar. It is a popular cryptocurrency used by traders because of its stability. Synonyms for BUSD include dollar-backed cryptocurrency, USD-pegged stablecoin, and US dollar stablecoin. Other stablecoins that are similar to BUSD include Tether (USDT), USD Coin (USDC), and TrueUSD (TUSD). These stablecoins have the same function as BUSD but may differ in terms of issuer, collateral, and audibility. While BUSD offers a secure means of participating in the cryptocurrency market without the volatility risks, it is important to note that the value of BUSD and other stablecoins may fluctuate due to market conditions.