We are thrilled to announce the integration of CENTRE’s USDC and Paxos+Binance’s BUSD on PayTrie. Starting today, PayTrie users can buy and sell these additional stablecoins and enjoy the same PayTrie quick, non-custodial experience.

What is USDC?

USDC is a stablecoin backed by US dollars on the Ethereum blockchain. Each USDC token is backed by one US dollar held in reserve by regulated financial institutions. The tokens themselves are issued by regulated financial institutions, with each token redeemable for one US dollar. USDC is created by Centre, with Coinbase and Circle as its founding members.

What is BUSD?

BUSD is a stablecoin backed by US dollars on the Ethereum blockchain. BUSD has received approval from the New York State Department of Financial Services (NYDFS). Each BUSD token is backed by one US dollar held in FDIC-insured US banks. BUSD is created by Binance in partnership with Paxos. Every token can be redeemed for one dollar through Paxos.