The market capitalization of Binance USD ($BUSD ) has decreased by 90% from its peak of $23.49 billion on November 15, 2022, as per the #cryptonews search results, as reported by CoinMarketCap. The market capitalization of BUSD as of October 25, 2023, is $2.12 billion.
Since its introduction in September 2019, the price of #cryptocurrency BUSD has remained largely steady, rarely deviating from its 1:1 peg to the US dollar.
BUSD is a stablecoin that is distributed by Paxos and #Binance that is 1:1 correlated to the US dollar.
In addition to being a popular fiat-linked store of value, BUSD can be used for #trading , lending, yield farming, collateral, and as a means of payment for a variety of goods and services.
There are 2.38 billion #crypto coins in circulation for the token, with a maximum supply of 2.38 billion BUSD.
BUSD is currently trading for $1 USD with a 24-hour trading volume of $1.54 USD.
