Binance USD Binance USD BUSD
Show Coin Info
0.999948 USD
% Change
Market Cap
1.53B USD
5.58B USD
Circulating Supply
11% from all time low
15% to all time high
947% from all time low
1429% to all time high

Binance USD (BUSD) Feed: Events, News & Roadmap

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Binance USD Events on the Chart

What is Binance USD?

BUSD (Binance USD) is a stablecoin issued by Binance in collaboration with Paxos. Each BUSD token is backed by one US dollar and can be redeemed for dollars at a 1:1 ratio. Here are the key points about the BUSD project:

Backing and Stability: As a stablecoin, BUSD’s price is pegged to a stable fiat currency, in this case, the US dollar. This makes it less volatile compared to other cryptocurrencies.

Utility: BUSD can be used for trading on cryptocurrency exchanges, sending money, purchasing goods and services, or simply as a store of value.

Transparency: All assets backing BUSD are regularly audited by independent auditors to ensure the reserves match the US dollars for the issued tokens.

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