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About Wrapped BUSD
Wrapped BUSD (WBUSD) is a wrapped version of the Binance USD (BUSD) stablecoin on the Tezos blockchain. It is facilitated by the WRAP protocol, a decentralized bridge developed by Bender Labs that enables the transfer of ERC-20 and ERC-721 tokens between Ethereum and Tezos. WBUSD allows Tezos ecosystem participants to access the liquidity of the BUSD peg within decentralized finance (DeFi) applications. Note that while WBUSD exists on Tezos, the underlying BUSD is no longer being minted by its original issuer, Paxos.
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