Binance USD Price Hits $1.00 on Exchanges (BUSD)

Binance USD (BUSD) traded 0% higher against the US dollar during the twenty-four hour period ending at 0:00 AM Eastern on September 19th. Binance USD has a market capitalization of $69.63 million and approximately $5.45 million worth of Binance USD was traded on exchanges in the last day. One Binance USD token can now be purchased for about $1.00 or 0.00001564 BTC on popular cryptocurrency exchanges. In the last week, Binance USD has traded up 0.1% against the US dollar.

Here’s how similar cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 3.4% lower against the dollar and now trades at $0.0384 or 0.00000061 BTC.
• P2P Solutions foundation (P2PS) traded 6.1% higher against the dollar and now trades at $164.38 or 0.00256727 BTC.

About Binance USD

Binance USD launched on September 10th, 2019. Binance USD’s total supply is 69,511,448 tokens. The official message board for Binance USD is coinmarketcap.com/community/profile/busd. Binance USD’s official website is www.binance.com/en/busd. Binance USD’s official Twitter account is @binance and its Facebook page is accessible here.

According to CryptoCompare, “BUSD is a stablecoin issued by Paxos and supported by Binance. It is backed by U.S. dollar reserves held in insured U.S. banks, Treasury bills, and money market funds, and is regulated by the New York State Department of Financial Services. BUSD is issued on the Ethereum blockchain as an ERC-20 token and on the BNB Chain as a BEP-20 token, and can be used for hedging against volatility, stable price-pegging, remittances, crowdfunding, payments, lending, borrowing, and other financial services. Its value remains stable through fiat currency reserves, and traders can use arbitrage to bring it back to its peg if its price moves away from $1.”

Binance USD Token Trading

It is usually not possible to buy alternative cryptocurrencies such as Binance USD directly using US dollars. Investors seeking to trade Binance USD should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Binance USD using one of the exchanges listed above.

BUSD/USD price chart by TradingView