Binance USD Market Capitalization Reaches $69.59 Million (BUSD)

Binance USD (BUSD) traded down 0.1% against the dollar during the 1-day period ending at 14:00 PM Eastern on September 24th. During the last week, Binance USD has traded down 0% against the dollar. One Binance USD token can now be bought for $1.00 or 0.00001570 BTC on popular cryptocurrency exchanges. Binance USD has a total market cap of $69.59 million and approximately $7.18 million worth of Binance USD was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 12.4% lower against the dollar and now trades at $0.0441 or 0.00000069 BTC.
• P2P Solutions foundation (P2PS) traded down 1.3% against the dollar and now trades at $170.80 or 0.00267938 BTC.

Binance USD Profile

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

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.”

Buying and Selling Binance USD

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Binance USD using one of the aforementioned exchanges.

BUSD/USD price chart by TradingView