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Price
0.99978 USD
% Change
0.43%
Market Cap
68.1M USD
Volume
60.4K USD
Circulating Supply
68.2M
37% from all time low
158% to all time high
17% from all time low
34410% to all time high

Binance USD BUSD: Token Burn

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Later today, Binance will burn $2bn worth of idle BUSD on BNB Chain. The same amount of BUSD on the Ethereum network, which was used as collateral, will then be released

Event date: February 22, 2023 UTC

What is coin (token) burn?

A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.

Binance
@binance
Later today, #Binance will burn $2bn worth of idle BUSD on BNB Chain. The same amount of BUSD on the Ethereum network, which was used as collateral, will then be released.
BUSD Price Changes After Event Publication
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Now (Added 1 year ago)
The event is about to begin
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