Binance USD (BUSDBNB) Price
$1.0136 0.06%
Latest Updates
Updated at 06:27Market cap
$55,775,662.27
Market rank
#554
Volume 24H
$2,271,221.53 0.52%
Price change 24h
+$0.00064 0.06%
Price change 7d
-$0.00708 0.70%
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+$0.00004 41.27%
+$0.04679 37.30%
+$0.00793 26.58%
+$0.09787 21.54%
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+$0.00682 19.11%
+$0.04603 18.09%
+$0.08197 17.80%
+$2.7433 17.29%
+$0.0009 14.77%
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