Is Busd owned by Binance?

The question arises: Does the popular cryptocurrency Busd, which has gained significant traction in recent times, have a direct ownership link to the equally renowned crypto exchange Binance? The questioner seeks clarity on whether Busd is indeed owned by Binance, as such a relationship could have significant implications on the stability, liquidity, and overall value of the digital asset. Clarifying this ownership structure is crucial for investors and enthusiasts alike to understand the broader ecosystem and potential risks involved.