About Binance USD
Binance USD (BUSD) is a stablecoin running on Ethereum. For stablecoins like BUSD, the company behind the protocol is responsible for holding reserves that fully back each token. The companies behind BUSD, Binance and Paxos, claim that each BUSD token is backed by and corresponds to one dollar held in traditional bank accounts. Note: Coinbase only supports BUSD on the Ethereum blockchain (ERC-20).
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Market Stats
Market Cap
$55.02M
FDV
$55.02M
Circ. Supply
55M BUSD
Max Supply
Not enough data
Total Supply
55M BUSD
Performance
Popularity
#526
Dominance
0%
Volume (24H)
$4.45M
-12.93%
Volume (7D)
$29.15M
Volume (30D)
$143.07M
All time high
$1.50
Price Change (1Y)
0.08%
Additional details
Market details
BUSD vs markets
↘ 38.62%
BUSD vs BTC
↘ 46.7%
BUSD vs ETH
↘ 17.86%
Tags
stablecoin
asset-backed-stablecoin
binance-chain
usd-stablecoin
+2
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x4Fabb145d64652a948d72533023f6E7A623C7C53 | |
Avalanche C-Chain | 0x19860CCB0A68fd4213aB9D8266F7bBf05A8dDe98 | |
Solana | 33fsBLA8djQm82RpHmE3SuVrPGtZBWNYExsEUeKX1HXX | |
Polygon | 0xA8D394fE7380b8cE6145d5f85E6aC22d4E91ACDe |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.00 | ↘ 0.05% |
1 Day | $1.00 | ↘ 0.05% |
1 Week | $1.00 | ↘ 0.01% |
1 Month | $1.00 | ↗ 0.03% |
1 Year | $1.00 | ↗ 0.08% |
Coinbase insights
Recent trends
The latest BUSD price is $1.00. Compared to Binance USD's value of $1.00 from 24 hours ago, there's been a -0% decrease, while the current price is -0% down from $1.00 which was recorded one week ago. Binance USD's all time high is $1.50, which was reached on June 18, 2022. This is a -33% change from its price today.
The market cap is currently $55.02M, which is a result of multiplying the current price of Binance USD($1.00) by the total supply(55,026,224 BUSD). The fully diluted valuation of Binance USD is $55.02M. The diluted valuation of Binance USD is $55.02M.
FAQ
Binance USD (BUSD) is a digital fiat currency that is backed 1:1 by the US dollar. It was introduced on September 5, 2019, with the intention of merging the consistency of the dollar with the innovative technology of blockchain. BUSD is issued by a certain entity in collaboration with Paxos and is approved and regulated by the New York State Department of Financial Services (NYDFS). It is issued as an ERC-20 token and also supports BEP-2. The reserves backing BUSD are held in fiat cash in dedicated omnibus accounts at insured U.S. banks and/or are allocated to U.S. Treasury bills.
BUSD operates on the Ethereum blockchain and is issued by Paxos Trust Company in collaboration with a certain entity. It can be issued and redeemed without additional fees. This entity also offers a wrapped BUSD token (Entity-Peg) on BNB Chain. The reserves backing BUSD are held in either fiat cash in dedicated omnibus accounts at insured U.S. banks or are allocated to U.S. Treasury bills. As of June 30, 2022, 96% of the assets backing BUSD were held in cash and cash equivalents, while 4% were allocated to U.S. Treasury bills.
BUSD, with its price consistency, aims to play a crucial role in transactions, payments, settlement, and Decentralized Finance (DeFi). It aims to be transferred anywhere in minutes, in a cost-effective manner and on the blockchain. BUSD can be traded on various platforms and Decentralized Exchanges (DEX). It can be deposited for potential compensation, used as payment for goods and services, used as collateral and loan asset, used as cross collateral in Futures, and stored on a digital platform or in a wallet.
BUSD was introduced on September 5, 2019, by a certain entity in collaboration with Paxos. It was approved and regulated by the New York State Department of Financial Services (NYDFS). The BUSD ecosystem saw growth in 2021, with its market capitalization increasing from around US$1B at the start of the year to over US$14.6B by the end of the year. In April 2022, this entity allocated $2.5 million in BUSD through its charity organization to USA for UNHCR, a UN refugee agency, marking the agency’s first stablecoin crypto allocation.
We update our Binance USD to USD currency in real-time. Get the live price of Binance USD on Coinbase.
The current market cap of Binance USD is $55.02M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Binance USD is $1.50. This all-time high is highest price paid for Binance USD since it was launched.
Over the last 24 hours, the trading volume of Binance USD is $4.45M.
Assets that have a similar market cap to Binance USD include Ski Mask Dog, WalletConnect Token, Rootstock Infrastructure Framework, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Binance USD is 55 million.
Binance USD ranks 205 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Binance USD news
Trending articles
Social stats
Popularity in posts
#745
Contributors
369
Posts
612
% About Binance USD
0.045%
Hold times
0 days
X (Twitter)
45.73% bullish
Sentiment
4.3 ★
Highlights
369 unique individuals are talking about Binance USD and it is ranked #745 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Binance USD has an average sentiment score of 85 out of 5. Finally, Binance USD is becoming less newsworthy, with 0 news articles published about Binance USD.
On Twitter, people are mostly neutral about Binance USD. There were 48.92% of tweets with bullish sentiment compared to 6.99% of tweets with a bearish sentiment about Binance USD. 51.08% of tweets were neutral about Binance USD. These sentiments are based on 577 tweets.
On Reddit, Binance USD was mentioned in 24 Reddit posts and there were 37 comments about Binance USD. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.