Binance USD (BUSD) Hits Market Cap of $69.56 Million

Binance USD (BUSD) traded 0% higher against the dollar during the twenty-four hour period ending at 15:00 PM Eastern on October 14th. During the last seven days, Binance USD has traded up 0.1% against the dollar. One Binance USD token can currently be purchased for about $1.00 or 0.00001519 BTC on cryptocurrency exchanges. Binance USD has a market cap of $69.56 million and $6.61 million worth of Binance USD was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 4.5% higher against the dollar and now trades at $0.0499 or 0.00000076 BTC.
• P2P Solutions foundation (P2PS) traded 7.5% higher against the dollar and now trades at $170.30 or 0.00258575 BTC.

Binance USD Profile

Binance USD was first traded on September 10th, 2019. Binance USD’s total supply is 69,511,448 tokens. Binance USD’s official message board is coinmarketcap.com/community/profile/busd. The official website for Binance USD is www.binance.com/en/busd. Binance USD’s official Twitter account is @binance and its Facebook page is accessible here.

According to CryptoCompare, “BUSD is a stablecoin issued by Paxos and supported by Binance. It is backed by U.S. dollar reserves held in insured U.S. banks, Treasury bills, and money market funds, and is regulated by the New York State Department of Financial Services. BUSD is issued on the Ethereum blockchain as an ERC-20 token and on the BNB Chain as a BEP-20 token, and can be used for hedging against volatility, stable price-pegging, remittances, crowdfunding, payments, lending, borrowing, and other financial services. Its value remains stable through fiat currency reserves, and traders can use arbitrage to bring it back to its peg if its price moves away from $1.”

Buying and Selling Binance USD

It is usually not possible to buy alternative cryptocurrencies such as Binance USD directly using US dollars. Investors seeking to acquire Binance USD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Binance USD using one of the aforementioned exchanges.

BUSD/USD price chart by TradingView