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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Sign me upMarket Stats
Market Cap
$55.02M
-0.6%
FDV
$55.02M
Circ. Supply
55M BUSD
Max Supply
Not enough data
Total Supply
55M BUSD
Diluted Valuation
$54.70M
Performance
Popularity
#453
Dominance
0%
Volume (24H)
$8.22M
308.25%
Volume (7D)
$36.35M
Volume (30D)
$83.45M
All time high
$1.50
Price Change (1Y)
-0.32%
Additional details
Market details
BUSD vs markets
↘ 36.92%
BUSD vs BTC
↘ 38.09%
BUSD vs ETH
↘ 35.85%
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 | ↘ 0.30% |
1 Day | $1.00 | ↘ 0.30% |
1 Week | $1.00 | ↘ 0.30% |
1 Month | $1.01 | ↘ 1.14% |
1 Year | $1.00 | ↘ 0.32% |
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.
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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
#782
Contributors
141
Posts
141
% About Binance USD
0.03%
Hold times
0 days
X (Twitter)
39.84% bullish
Sentiment
4.2 ★
Highlights
141 unique individuals are talking about Binance USD and it is ranked #782 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 4.2 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 46.45% of tweets with bullish sentiment compared to 16.59% of tweets with a bearish sentiment about Binance USD. 53.55% of tweets were neutral about Binance USD. These sentiments are based on 492 tweets.
On Reddit, Binance USD was mentioned in 141 Reddit posts and there were 375 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.