Binance USD Hits Market Capitalization of $69.53 Million (BUSD)

Binance USD (BUSD) traded 0% higher against the dollar during the 24 hour period ending at 0:00 AM ET on July 26th. Binance USD has a market capitalization of $69.53 million and $5.32 million worth of Binance USD was traded on exchanges in the last day. One Binance USD token can currently be purchased for approximately $1.00 or 0.00001474 BTC on popular cryptocurrency exchanges. Over the last seven days, Binance USD has traded 0.3% lower against the dollar.

Here is how related cryptocurrencies have performed over the last day:

• KILT Protocol (KILT) traded 0.3% lower against the dollar and now trades at $0.19 or 0.00000273 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 1.2% higher against the dollar and now trades at $0.0134 or 0.00000020 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Binance USD

Binance USD’s genesis date was September 10th, 2019. Binance USD’s total supply is 69,511,448 tokens. Binance USD’s official Twitter account is @binance and its Facebook page is accessible here. The official message board for Binance USD is coinmarketcap.com/community/profile/busd. Binance USD’s official website is www.binance.com/en/busd.

According to CryptoCompare, “BUSD is a stablecoin issued by Paxos and supported by Binance. It is backed by U.S. dollar reserves held in insured U.S. banks, Treasury bills, and money market funds, and is regulated by the New York State Department of Financial Services. BUSD is issued on the Ethereum blockchain as an ERC-20 token and on the BNB Chain as a BEP-20 token, and can be used for hedging against volatility, stable price-pegging, remittances, crowdfunding, payments, lending, borrowing, and other financial services. Its value remains stable through fiat currency reserves, and traders can use arbitrage to bring it back to its peg if its price moves away from $1.”

Buying and Selling Binance USD

It is usually not currently possible to buy alternative cryptocurrencies such as Binance USD directly using U.S. dollars. Investors seeking to acquire Binance USD should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Binance USD using one of the exchanges listed above.

BUSD/USD price chart by TradingView