Market
Binance USD
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USD
BUSD
≈
9.999
BUSD
$50
$150
$500
Explore BUSD in Onchain
BUSD may be available for swapping via Onchain, our official decentralised product. Try it now.
Explore BUSD in Onchain
BUSD may be available for swapping via Onchain, our official decentralised product. Try it now.
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BUSD
$1.0001
+0.09%
Market cap
$40.03M
Rank
#597
24H volume
$1.51M
Circulating supply
40.03M BUSD
100% of total
All-time high
$1.15
-14.64%
All-time low
$0.89
11.40%
Total supply
40.03M BUSD
Binance USD (BUSD) is a 1:1 USD-backed stablecoin issued by Binance, in partnership with Paxos, and approved and regulated by the New York State Department of Financial Services (NYDFS). BUSD emerged as a major stablecoin option in cryptocurrency markets, aided by its prominent use in Binance and other services associated with the centralised exchange.
Binance USD was launched in September 2019 as a Binance-branded stablecoin that aims to combine the stability of the dollar with blockchain technology. Since its launch, BUSD has been incorporated as a stablecoin of preference within the network of Binance’s products and services, while also gaining support from major DeFi platforms, crypto wallets, and other services outside of Binance’s control.
A Binance USD unit is generated through depositing US dollars on the Paxos platform, which ensures the 1:1 US dollar backing of the stablecoin. BUSD uses the Ethereum blockchain, issued as an ERC-20 token. In addition, Binance offers a Binance-Peg version of BUSD (not issued by Paxos) on Binance Smart Chain and Binance Chain blockchains for transactions, supporting the BEP-2 and BEP-20 token standards.
Binance USD is used for transferring digital dollars, trading on exchanges, providing liquidity to DeFi platforms, paying for goods and services from merchants that use the token, and more.
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