Binance USD (BUSDBNB) Price
$1.0074 0.83%
Latest Updates
Updated at 06:22Market cap
$55,435,350.96
Market rank
#533
Volume 24H
$7,243,785.67 44.69%
Price change 24h
-$0.00837 0.83%
Price change 7d
-$0.11039 10.96%
What about Binance USD?
Binance and Paxos have joined forces to create BUSD, a stablecoin that is backed by the US dollar. With each unit of BUSD equal to one US dollar, BUSD's value fluctuates directly with USD. The stablecoin has built a reputation for transparency, providing a monthly audited report of reserves in compliance with regulatory standards to ensure the safety and security of user assets.
BUSD has become a popular option for traders and crypto users, as it enables them to transact with other digital and blockchain-based assets while minimizing the risk of market volatility. Cryptocurrency holders often face the challenge of portfolio value fluctuations; however, using a stablecoin such as BUSD can help mitigate this risk.
As a stablecoin, BUSD has been able to perform exceptionally well in the cryptocurrency space. Since its launch in 2019, BUSD has established itself as a leader in the industry, with one of the largest market capitalizations in the scene. Its stability and reliability have made it a preferred choice for many crypto users seeking a reliable alternative to traditional currencies.
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Trending
24h top price changes+$0.00142 77.52%
+$0.19641 58.61%
+$0.04421 33.85%
+$0.03715 31.92%
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+$0.13664 17.36%
+$0.00888 16.50%
+$0.00135 14.92%
+$0.00029 13.78%
+$0.00942 13.52%
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