BUSD is a price-stable encrypted digital currency backed by US dollars. Each BUSD has 100% of its value collateralized by US dollar assets stored away in a third-party bank account. The value of assets in reserve will always be greater than BUSD in circulation. In order to better protect users, BUSD supports soft/hard freezes on assets, notifies users of each transaction, and allows for assets to be tracked in the event of theft or fraud.
