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CryptocurrenciesBinance USD price
Binance USD BUSD
Rank: 12
651 Watchlists
Stablecoin
Contracts/Blockchains:

Binance USD Price

$ 1.00
-0.01

0.0000356

Low
High

$ 1.00

$ 0.999

About Binance USD

Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Paxos.
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The SEC has labelled BUSD as an “unregistered security”, and is suing its issuer, Paxos. Paxos to stop issuing BUSD. More info: https://twitter.com/cz_binance/s...
Please be careful and DYOR.
Binance USD Live Chart
The Binance USD to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.
BUSD Price Statistics
Market Cap
$ 7,712,000,549
Ƀ 274,849
FDMC
$ 7,712,427,604
ATH Market Cap
$ 23,466,327,279
24h Trade Volume
$ 2,142,282,577
Ƀ 76,349
Vol (24h) / MCap
0.2778
Circ. Supply
BUSD 7,715,434,162
Total Supply
BUSD 7,715,434,162
All Time High
$ 1.09
(15 Dec 2021)
From ATH
-7.94%
From ATL
+4.97%

BUSD to USD Converter

BUSD

Binance USD Markets

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Binance USD Live Info Today

Binance USD (BUSD) is a fiat-backed stablecoin that acts as a digital version of the U.S. dollar, it is pegged 1:1 at to USD. It is approved by the New York State Department of Financial Services (NYDFS) and was launched in partnership with Paxos and Binance in 2019. Paxos is the USD custodian and issuer of BUSD.

What are BUSD key features and how does it work?

BUSD is part of a category of fiat-backed stablecoins, rather than the alternative crypto-backed stablecoins that use crypto assets for their reserves, for example, DAI. In BUSD’s case, Paxos holds equal reserves of USD which are exchangeable for BUSD. Paxos releases regular audits, demonstrating its USD reserves match the supply of BUSD 1:1.

To keep the peg stable, Paxos burns BUSD tokens sent to them in exchange for the fiat currency, or it will mint new tokens for users in exchange for depositing USD, or PAX, on the Paxos platform. In cases where BUSD price moves lower than $1, arbitrageurs purchase large quantities of the stablecoin and then convert it back into USD through cashing it in via Paxos. This increase in demand will naturally raise the price and restore the 1:1 peg.

The token itself exists on three different blockchains: Ethereum, Binance Smart Chain (BSC), and Binance Chain. There are also wrapped, or bridged, versions of BUSD on other chains, like Solana or Polygon, where it is not a native token. These versions are pegged to BUSD’s value. Holders can swap tokens between the blockchains depending on their needs. This can be done via the Binance exchange, for withdrawals, or Binance and other bridges.

What can Binance USD be used for?

BUSD offers three key attributes: accessibility, flexibility, and speed. Binance USD is easy to obtain through Binance itself or Paxos.

BUSD means users can lock in gains without needing to convert to fiat. Crypto users can quickly and conveniently turn their holdings into stable assets whilst remaining on the blockchain and therefore can avoid price fluctuations in crypto markets. Furthermore, by using BUSD and its compatible exchanges, money can be sent quickly around the globe.

BUSD can also be used for arbitrage. Since it is a popular stablecoin and is found on many automated market makers on BSC, liquidity pools may provide opportunities for arbitrage traders. Prices may differ from AMM to AMM, thus arbitrage traders can make use of its wide availability and quickly swap between exchanges.

Where can you buy BUSD?

BUSD is available for purchase through Binance’s exchange or fiat gateway services or Paxos minting service. It is also available on various swaps. Available DEX’s and CEX’s can be found here.

Binance USD's current price is $ 1.00, it has dropped -0.01% over the past 24 hours.

Binance USD's All Time High (ATH) of $ 1.09 was reached on 15 Dec 2021, and is currently -7.94% down.

The current circulating supply of Binance USD is 7.72 Billions tokens, and the maximum supply of Binance USD is 7.72 Billions.

Binance USD’s 24 hour trading volume is $ 2.14 Billions.

Binance USD's current share of the entire cryptocurrency market is 0.62%, with a market capitalization of $ 7.71 Billions.

You can find more details about Binance USD on its official website and on the block explorer.

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