Name: BUSD
Brand: Binance
Price: 1 USD
Availability: InStock
Rating: 3.7 (3 reviews)

Price of BUSD Today

The live price of BUSD is $0.99947 per (BUSD / USD) with a current market cap of $54.62M USD. 24-hour trading volume is $555,245.76 USD. BUSD to USD price is updated in real-time. BUSD is -0.03% in the last 24 hours with a circulating supply of 54.65M.

BUSD Price History USD

Date Comparison	Amount Change	% Change
Today	$-0.000304	-0.03%
30 Days	$-0.001035	-0.1%
60 Days	$-0.000595	-0.06%
90 Days	$-0.016176	-1.59%

BUSD Chart Performance

24h Low & High

Low: $0.99861

High: $1.000142

The highest and lowest price paid for this asset in 24 hours.

All Time High

$1.146504

The highest price paid for this asset since it was launched or listed.

Price Change (1h)

-0.01%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

-0.03%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

-0.11%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low: $0.99861

High: $1.000142

All Time High

$1.146504

Price Change (1h)

-0.01%

Price Change (24h)

-0.03%

Price Change (7d)

-0.11%

About BUSD

Binance USD (BUSD) is a stablecoin, so its value is pegged to a fiat currency — in this case, the US dollar.

BUSD was launched in September 2019 as part of a joint partnership between Binance and blockchain and finance company Paxos, headquartered in New York. The partnership entails Paxos holding the equivalent of fiat USD in reserve for every BUSD stablecoin in circulation.

This very strict accounting and reconciliation process necessitates a monthly audit in order to verify the safety of investors’ funds, as well as other security measures put in place by the New York Department of Financial Services (NYDFS) and other regulatory agencies.

Additionally, BUSD is one of the only existing fiat-backed stablecoins with records that verify the security of its physical reserves. Because of this, BUSD is considered one of the safest among the top stablecoin in existence.

BUSD is used as a means of payment that can be sent internationally and verified on the public blockchain ledger within seconds. Today, with more than 3 million active holders and 18 billion coins in circulation, BUSD is accepted as payment by a variety of businesses and individuals globally.

People Also Ask: Other Questions About BUSD

What Does BUSD Stand For?

BUSD stands for Binance United States Dollar or Binance USD. Issued by Paxos, and this stablecoin derives its value directly from USD.

What Is BUSD Used For?

BUSD and Binance-Peg BUSD is used for digital payment on blockchains, primarily to maintain a 1:1 ratio with the US dollar. The transactions are able to protect both sender and receiver from the price volatility often associated with cryptocurrency.

BUSD can be used to hedge against crypto price fluctuations, and since it is backed by fiat USD and compliant with the most stringent financial regulations, it is considered one of the most dependable stablecoins. Binance-Peg BUSD, offered by Binance, is also sometimes used in liquidity provision and yield-farming.

How Many BUSD Coins are in Circulation?

BUSD has a total supply of 18.4 billion, of which 18 billion are in circulation. BUSD is held in a total of 4 million cryptocurrency wallets at time of writing.

When was BUSD founded?

BUSD was founded in 2019 by Binance and Paxos, in order to create a true stablecoin pegged directly to the US dollar and compliant with financial regulations. It went live in September 2019.

Is BUSD Safe?

BUSD is subject to monthly audits and is consistently compliant with the NYDFS. It also maintains a fully transparent 1:1 reserve of fiat USD to physically back up its circulating supply. For these reasons, it is considered one of the safest stablecoins on the cryptocurrency market. Check out spot market information for BUSD.

Is BUSD Safer Than Tether?

BUSD is secured and backed by US banks while Tether is secured and backed by offshore banks, which are often considered potentially less secure than US FDIC-insured banks. To date, however, Tether remains the most traded stablecoin, followed by DAI, BUSD and USDC. Discover the difference between BUSD and USDT in this handy guide.

Who is Behind BUSD?

BUSD is a Paxos-issued stablecoin pegged to the US dollar. Approved and greenlisted by the NYDFS, BUSD can be purchased and redeemed at a rate of 1 BUSD to 1 USD, and has been pre-approved for custody and trading by any of the NYDFS’ virtual currency licensees.

Because of its intrinsic properties as a stablecoin, BUSD has performed exceptionally well and established itself as a leader in the cryptocurrency space. Since its 2019 launch, it has performed so well that it now has a $23 billion market cap, and is among the world’s top six cryptocurrencies and the top three stablecoins.

In addition, Binance offers a wrapped BUSD token known as Binance-Peg BUSD on BNB Chain. Binance creates BUSD by holding it at an Ethereum blockchain address and minting Binance-Peg BUSD tokens, each corresponding to a BUSD token it holds in reserve.

What Proof Do We Have that It’s 100% Backed by Fiat?

BUSD reserves are regularly audited by a trusted auditor, Withum, to ensure users can access the collateral that backs BUSD whenever needed.

Both BUSD and its issuer Paxos are regulated by the NYDFS, a leading regulator in this sector. BUSD is also green-listed by the NYDFS, making it pre-approved for custody and trading by any of the its virtual currency licensees.

BUSD is also subject to the New York Banking Law, which offers users the highest levels of safety, protection, and security.

Are there any Withum audits available for the public access?

Yes. Withum provides monthly attestation reports, which are visible on our BUSD landing page. In addition, since June 2022, Paxos has published a monthly BUSD holdings report, so users can enjoy greater transparency.

How to Buy BUSD?

BUSD can be purchased directly from Binance using a debit or credit card. BUSD can also be traded for other cryptocurrencies on the Binance exchange. Though it is a stablecoin, live BUSD price is updated in real-time on Binance. For additional instructions and information, users can read our How to Buy Binance USD (BUSD) Guide.