Binance USD
BUSD
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Price
0.99978 USD
% Change
0.43%
Market Cap
68.1M USD
Volume
60.4K USD
Circulating Supply
68.2M
Binance USD BUSD: Token Burn
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.
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
0.19%
1 hour
0.29%
3 hours
1.49%
1 day
0.59%
2 days
0.06%
Now (Added 1 year ago)
The event is about to begin
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Added by
Alika
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