Crypto Trader Explains How BUSD Can Be Redeemed For USD If Binance Collapses

A crypto trader on Reddit explains how investors can redeem Binance’s stablecoin BUSD (CRYPTO: BUSD) in the unlikely event of the exchange collapsing. What Happened: Pseudonymous trader ‘Chymista Scepticus’ asked if “you have BUSD either on CEX (centralized exchanges) or self custody” and if “for whatever reason binance dies”, what happens to your BUSD?