BUSD

BUSD Price

busd

$0.934554
bybit downs
-1.29%
24H
7D
14D
30D
60D
200D
1Y
Low
$--
High
$--
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Market Statistics

Market Cap
65.92M
24H Volume
--
Circulating Supply
70.51M
Max Supply
--

Live BUSD Price Summary

As of 22 jun 2024, the global cryptocurrency market cap is $65.92M with a -1.23% change in the last 24 hours. BUSD's current price is $0.934554, with a 24-hour trading volume of $--. BUSD is -1.29% in the last 24 hours, with a circulating supply of 70.51M BUSD coins and a maximum supply of -- BUSD coins. BUSD ranks 540 by market cap. It has a 24H high of $0.949528 recorded on 22 jun 2024, and its 24H low so far is $0.926278, recorded on 22 jun 2024.

What Is the Highest Price of BUSD?

BUSD has an all-time high (ATH) of $1.15 , recorded on 13 mrt 2020.

What Is the Lowest Price of BUSD?

BUSD has an all-time low (ATL) of $0.901127, recorded on 19 mei 2021.

About BUSD (BUSD)

What Is Binance USD (BUSD)?

Binance USD (BUSD) is a stablecoin cryptocurrency pegged to the U.S. dollar. It was launched jointly by Binance Holdings Ltd., the owner of the Binance crypto exchange, and Paxos, a New York-based financial technology company. 

BUSD is fully backed by cash and cash equivalent reserves and has been approved by the New York State Department of Financial Services (NYSDFS). The BUSD (and associated USD) supply levels are externally audited every month for transparency and compliance purposes.

BUSD is one of the best-regulated, most compliant and well-backed stablecoins in the crypto industry. It’s used extensively on the majority of the leading crypto exchanges as an asset with a firm peg to the U.S. dollar. BUSD is issued on Ethereum (ETH), but is also supported on BNB Chain (BNB), Polygon (MATIC) and Avalanche (AVAX). 

The three leading USD-pegged stablecoins are BUSD, Tether (USDT) and USD Coin (USDC). Compared to BUSD, USDT and USDC are available on a wider range of blockchain platforms. However, BUSD is a better regulated and more compliant asset than USDT. Furthermore, like USDC, it features similar high-quality compliance standards and reserve transparency. In terms of trading volumes, BUSD typically has lower volumes than USDT but somewhat higher volumes than USDC.

BUSD Price

Launched in September 2019, BUSD has been remarkably successful in maintaining its close 1:1 peg to the greenback. There have been very few cases — always short-lived — when the coin has deviated from the dollar by more than a cent.

What Is BUSD Used For?

BUSD is widely used as a fiat-linked store of value. While its key rival, USDT, is more actively used for trade, BUSD, with its solid compliance and security features, is preferred for storing crypto assets long-term.

On BNB Chain, BUSD is used for payment transactions since its price stability acts as a hedge against volatile crypto price fluctuations.

BUSD is also used for trading and crypto operations requiring a high degree of price stability. Individuals and companies whose transactional needs require frequent movement of funds between the crypto/blockchain environment and traditional finance markets may choose to use BUSD. Its interoperability across four popular chains — Ethereum, BNB Chain, Polygon and Avalanche — makes it well-suited to cross-chain value transfers.

BUSD Tokenomics

Since BUSD exists as a transactional asset, it has no maximum supply. The trading and investment needs of market participants ultimately determine how much BUSD is required.

Paxos can mint additional BUSD per market demand. However, any BUSD minted must be backed by a deposit of an equal amount of U.S. dollars. BUSD is also regularly burned by Paxos whenever the stablecoin is redeemed for U.S. dollars.

Who Is the Founder of Binance USD? 

Binance Holdings Ltd. and Paxos jointly launched the BUSD coin. Paxos was founded by Charles Cascarilla (CEO) and Rich Teo (CEO Asia). Binance Holding’s founder and CEO is Changpeng Zhao.

Read more: USDT vs. USDC vs. BUSD: How Are They Different?

How to Store BUSD

Popular software wallets used to store BUSD include MetaMask, Binance Chain Wallet, Trust Wallet and Atomic Wallet. Hardware wallet choices include Ledger and Trezor.

Where to Buy BUSD

You can buy BUSD from any top crypto exchange, including Bybit. On Bybit, you can trade BUSD as a USDT Spot pair (BUSD/USDT).

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