Binance USD Price Up 0.1% Over Last 7 Days (BUSD)

Binance USD (BUSD) traded 0% lower against the U.S. dollar during the one day period ending at 8:00 AM Eastern on June 23rd. Binance USD has a market cap of $70.49 million and $4.68 million worth of Binance USD was traded on exchanges in the last 24 hours. In the last seven days, Binance USD has traded 0.1% higher against the U.S. dollar. One Binance USD token can now be purchased for $1.00 or 0.00001555 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded up 1.1% against the dollar and now trades at $0.21 or 0.00000327 BTC.
• 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 2.2% lower 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.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 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 0.5% higher against the dollar and now trades at $0.0108 or 0.00000017 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Binance USD Token Profile

Binance USD launched on September 10th, 2019. Binance USD’s total supply is 70,511,448 tokens. The official message board for Binance USD is coinmarketcap.com/community/profile/busd. The official website for Binance USD 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 presently possible to buy alternative cryptocurrencies such as Binance USD directly using US dollars. Investors seeking to acquire Binance USD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. 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