The live price of Binance USD today is $1.00 USD. Binance USD is up 0.03% in the last 24 hours compared to $USD. Binance USD has a live market cap of $7,662,374,446.85 USD, and a circulating supply of 7,664,673,849 BUSD.
What is BUSD?
Binance’s BUSD (Binance USD), a fiat currency based on the US dollar that is fully backed by dollars, was launched in September 2019. Approved and regulated by the New York State Department of Financial Services (NYDFS), The BUSD Monthly Audit Report may be accessed from the official website. BUSD is a blockchain-based
BUSD Use Case
Stablecoin is a type of cryptocurrency that is designed to maintain a stable value. This makes it ideal for use in transactions, payments, and settlement. Additionally, its stability makes it a key component of Decentralised Finance (DeFi).
Here are some of the BUSD use case:
- Transfer your digital dollars (BUSD) anywhere in minutes, with low cost and on the blockchain.
- Trade BUSD on different exchanges and DEX.
- Deposit BUSD to earn an interest rate.
- Pay BUSD as payment for goods and services.
- Use BUSD as collateral and loan asset.
- Use BUSD as cross collateral in Futures.
- Store BUSD on an exchange or in a wallet.
BUSD Ecosystem
In 2021, the BUSD ecosystem grew exponentially. The stablecoin’s market capitalization increased from around US$1B at the start of the year to over US$14.6B by the end of the year. This made it the third largest stablecoin by market cap, behind Tether and USDC. This growth was largely
Many top wallets, like Metamask, Trust Wallet, Trezor, Zapper and many more, allow users to hold BUSD now. Platforms and services like Travala, payments gateways like Moonpay and Banxa, payment APIs like Wyre and multi-currency payment services like ivendPay and Paylot are
While PancakeSwap is the top DEX in the BSC ecosystem, many other top DEXes also support BUSD. This means that users of centralized exchanges can use BUSD outside of Binance and Binance.US too. Some popular exchanges that support BUSD are FTX, Gate.io, WazirX
People who are interested in yield farming and lending BUSD can find it on centralized platforms like Binance, Blockfi, and Celsius. Other platforms that allow users to earn yield on their BUSD include Venus, Aave, yearn.finance, and more.
How can you buy BUSD?
You can buy BUSD from different exchanges. For a list of the latest exchanges and their trading pairs for this cryptocurrency, please check our live crypto prices on the side. You can purchase and redeem BUSD from Changelly (our official sponsor).
