The live BUSD price is $1 USD. Currently, the Binance coin market cap or ATH makes up (13.61) billion with a circulating supply of (13.61) billion USD. BUSD has an unlimited supply of coins and is listed on all the major crypto exchanges.
Binance USD (BUSD) is a 1:1 USD-backed crypto stablecoin that was launched in . This means that it is pegged to the US Dollar and as such is a digitised version of it. As a holder, you can swap the coin for fiat currency and, conversely, fiat for tokens. Launched on 5 September 2019 and developed by Paxos in partnership with Binance, the coin is approved by the New York State Department of Financial Services (NYDFS) and is supported on both ERC-20 and BEP-2, which means you can use the stablecoin on most Ethereum-supporting exchanges and wallets. The coin’s goal is to create an Ethereum blockchain version of the dollar while retaining its stability as a currency.
While being relatively new to the coin market, Binance USD has already made great strides in regards to use cases for exchanges. Here are some of the more notable reasons you might want to start using BUSD:
Provides trades with the opportunity to sit out a period of increased volatility through ease of converting the tokens into fiat.
Promotes the development and growth of decentralized finance (DeFi).
Due to its popularity and large user base, it is supported on an ever increasing number of exchanges. As of now, over 400 decentralized applications (DApps) support the coin.
The 100% fiat-backed assurance and stability come from the release of regular audits by the issuer, displaying the matching of the U.S. dollar reserves with the supply of BUSD as well as attestation by a top auditing firm.
Provides trades with the opportunity to quickly lock in profits, skipping the need to wait for your funds to go from the exchange to your bank account.
The token is supported on a number of crypto exchanges and platforms, one of which is WunderTrading. You can easily keep up to date with the Binance USD coin price as well as, of course, trade it, be it manually, by following professional traders with the help of crypto copy trading or by setting up crypto trading bots that will utilize a user-implemented trading script to execute orders in a fully automated manner, staying up 24/7. Setting everything up is simple and fast, as the platform guides you through most things you need to know, boasting even a dedicated tutorial section. Join now!