5

Rank

Binance USD, BUSD

$1.00 ( -0.08% )

Market Cap

$17 554 587 044

24 Hour Volume

$2 345 467 092

Available Supply

17 547 224 379

Binance USD / US Dollar Chart, BUSD/USD ()


Open price: 0.0
High price: 0.0
Average price: 0.0
Close price: 0.0
Low price: 0.0
Change: 0.0%

#
Exchange
Pair
Volume
Volume (%)
1.
USDC/BUSD
561 351 373 USD
24.13 %
2.
BTC/BUSD
450 313 043 USD
19.36 %
3.
BUSD/USDT
399 613 087 USD
17.18 %
4.
ETH/BUSD
276 078 707 USD
11.87 %
5.
BTC/BUSD
95 108 136 USD
4.09 %
6.
BTC/BUSD
50 421 475 USD
2.17 %
7.
SOL/BUSD
42 128 809 USD
1.81 %
8.
ETH/BUSD
35 470 494 USD
1.52 %
9.
BNB/BUSD
35 353 839 USD
1.52 %
10.
FORTH/BUSD
29 966 882 USD
1.29 %
11.
UNFI/BUSD
26 690 523 USD
1.15 %
12.
BUSD/USDT
23 204 114 USD
1.00 %
13.
MATIC/BUSD
21 257 696 USD
0.91 %
14.
AVAX/BUSD
18 958 656 USD
0.82 %
15.
BTC/BUSD
18 902 900 USD
0.81 %
16.
BUSD/TRY
18 301 178 USD
0.79 %
17.
ADA/BUSD
17 453 942 USD
0.75 %
18.
RUNE/BUSD
13 995 314 USD
0.60 %
19.
SNX/BUSD
12 306 319 USD
0.53 %
20.
XRP/BUSD
11 857 942 USD
0.51 %
21.
DOT/BUSD
8 403 976 USD
0.36 %
22.
DOGE/BUSD
7 176 015 USD
0.31 %
23.
BAKE/BUSD
6 762 907 USD
0.29 %
24.
ATOM/BUSD
6 125 967 USD
0.26 %
25.
VIDT/BUSD
5 812 322 USD
0.25 %
26.
NEAR/BUSD
5 293 546 USD
0.23 %
27.
NMR/BUSD
5 213 889 USD
0.22 %
28.
LINK/BUSD
4 913 304 USD
0.21 %
29.
SAND/BUSD
4 763 068 USD
0.20 %
30.
BUSD/USDT
4 414 997 USD
0.19 %
31.
UFT/BUSD
4 119 636 USD
0.18 %
32.
LTC/BUSD
3 904 432 USD
0.17 %
33.
KP3R/BUSD
3 755 634 USD
0.16 %
34.
IQ/BUSD
3 527 205 USD
0.15 %
35.
TRX/BUSD
3 214 098 USD
0.14 %
36.
WAVES/BUSD
3 039 693 USD
0.13 %
37.
UNI/BUSD
2 829 966 USD
0.12 %
38.
PROM/BUSD
2 806 904 USD
0.12 %
39.
LIT/BUSD
2 764 414 USD
0.12 %
40.
AUD/BUSD
2 564 590 USD
0.11 %
41.
BEL/BUSD
2 483 890 USD
0.11 %
42.
ROSE/BUSD
2 388 073 USD
0.10 %
43.
ETH/BUSD
2 130 638 USD
0.09 %
44.
CHZ/BUSD
2 016 857 USD
0.09 %
45.
ONE/BUSD
1 885 051 USD
0.08 %
46.
ALGO/BUSD
1 822 987 USD
0.08 %
47.
FIL/BUSD
1 814 830 USD
0.08 %
48.
ZIL/BUSD
1 811 897 USD
0.08 %
49.
DODO/BUSD
1 802 654 USD
0.08 %
50.
YFI/BUSD
1 796 347 USD
0.08 %
51.
MANA/BUSD
1 682 820 USD
0.07 %
52.
BNB/BUSD
1 650 878 USD
0.07 %
53.
BCH/BUSD
1 634 845 USD
0.07 %
54.
EGLD/BUSD
1 624 252 USD
0.07 %
55.
VET/BUSD
1 612 099 USD
0.07 %
56.
WING/BUSD
1 611 095 USD
0.07 %
57.
RSR/BUSD
1 568 626 USD
0.07 %
58.
AXS/BUSD
1 540 598 USD
0.07 %
59.
BUSD/BRL
1 414 156 USD
0.06 %
60.
GBP/BUSD
1 409 320 USD
0.06 %
61.
IDEX/BUSD
1 394 893 USD
0.06 %
62.
BTCST/BUSD
1 390 502 USD
0.06 %
63.
CRV/BUSD
1 217 325 USD
0.05 %
64.
BUSD/BIDR
1 214 202 USD
0.05 %
65.
BUSD/DAI
1 171 357 USD
0.05 %
66.
COMP/BUSD
1 135 122 USD
0.05 %
67.
AAVE/BUSD
1 091 321 USD
0.05 %
68.
TVK/BUSD
1 068 790 USD
0.05 %
69.
POND/BUSD
1 054 678 USD
0.05 %
70.
AUTO/BUSD
945 582 USD
0.04 %
71.
CVP/BUSD
937 525 USD
0.04 %
72.
CAKE/BUSD
839 179 USD
0.04 %
73.
XTZ/BUSD
825 101 USD
0.04 %
74.
XLM/BUSD
823 974 USD
0.04 %
75.
SUSHI/BUSD
794 031 USD
0.03 %
76.
BTC/BUSD
774 914 USD
0.03 %
77.
MIR/BUSD
715 167 USD
0.03 %
78.
TWT/BUSD
714 817 USD
0.03 %
79.
XMR/BUSD
712 452 USD
0.03 %
80.
TUSD/BUSD
686 643 USD
0.03 %
81.
LRC/BUSD
682 109 USD
0.03 %
82.
EOS/BUSD
669 382 USD
0.03 %
83.
DATA/BUSD
665 253 USD
0.03 %
84.
OCEAN/BUSD
628 103 USD
0.03 %
85.
FRONT/BUSD
614 026 USD
0.03 %
86.
ETC/BUSD
610 054 USD
0.03 %
87.
ALICE/BUSD
584 225 USD
0.03 %
88.
RAMP/BUSD
564 843 USD
0.02 %
89.
STRAX/BUSD
515 574 USD
0.02 %
90.
DF/BUSD
506 789 USD
0.02 %
91.
CREAM/BUSD
493 327 USD
0.02 %
92.
ENJ/BUSD
485 973 USD
0.02 %
93.
HARD/BUSD
476 816 USD
0.02 %
94.
TLM/BUSD
476 050 USD
0.02 %
95.
BAT/BUSD
463 347 USD
0.02 %
96.
DEGO/BUSD
447 651 USD
0.02 %
97.
IOST/BUSD
446 973 USD
0.02 %
98.
ANT/BUSD
439 827 USD
0.02 %
99.
INJ/BUSD
432 515 USD
0.02 %
100.
SRM/BUSD
431 418 USD
0.02 %
101.
HBAR/BUSD
416 694 USD
0.02 %
102.
XVG/BUSD
402 549 USD
0.02 %
103.
AUDIO/BUSD
389 290 USD
0.02 %
104.
GRT/BUSD
380 167 USD
0.02 %
105.
BUSD/RUB
368 761 USD
0.02 %
106.
BAND/BUSD
361 248 USD
0.02 %
107.
BIFI/BUSD
345 337 USD
0.01 %
108.
SXP/BUSD
331 448 USD
0.01 %
109.
KNC/BUSD
316 256 USD
0.01 %
110.
ZEC/BUSD
282 273 USD
0.01 %
111.
PERP/BUSD
253 232 USD
0.01 %
112.
SYS/BUSD
250 779 USD
0.01 %
113.
TRB/BUSD
250 715 USD
0.01 %
114.
XVS/BUSD
239 086 USD
0.01 %
115.
SKL/BUSD
224 565 USD
0.01 %
116.
1INCH/BUSD
215 605 USD
0.01 %
117.
AUCTION/BUSD
206 232 USD
0.01 %
118.
FXS/BUSD
202 532 USD
0.01 %
119.
FRONT/BUSD
202 333 USD
0.01 %
120.
BADGER/BUSD
202 194 USD
0.01 %
121.
MKR/BUSD
190 271 USD
0.01 %
122.
CTSI/BUSD
189 981 USD
0.01 %
123.
ICX/BUSD
187 460 USD
0.01 %
124.
DASH/BUSD
182 492 USD
0.01 %
125.
SUPER/BUSD
150 892 USD
0.01 %
126.
SFP/BUSD
145 341 USD
0.01 %
127.
LINA/BUSD
143 740 USD
0.01 %
128.
KSM/BUSD
136 516 USD
0.01 %
129.
HOT/BUSD
133 833 USD
0.01 %
130.
AERGO/BUSD
132 677 USD
0.01 %
131.
CTK/BUSD
132 265 USD
0.01 %
132.
DEXE/BUSD
126 092 USD
0.01 %
133.
NEO/BUSD
125 137 USD
0.01 %
134.
ONT/BUSD
119 478 USD
0.01 %
135.
FIS/BUSD
116 886 USD
0.01 %
136.
PSG/BUSD
107 288 USD
0.00 %
137.
JST/BUSD
105 041 USD
0.00 %
138.
ACM/BUSD
100 486 USD
0.00 %
139.
CAKE/BUSD
98 819 USD
0.00 %
140.
BNT/BUSD
94 233 USD
0.00 %
141.
FOR/BUSD
90 224 USD
0.00 %
142.
DNT/BUSD
83 602 USD
0.00 %
143.
PHA/BUSD
82 553 USD
0.00 %
144.
JUV/BUSD
80 779 USD
0.00 %
145.
OMG/BUSD
80 462 USD
0.00 %
146.
REEF/BUSD
77 187 USD
0.00 %
147.
CFX/BUSD
76 505 USD
0.00 %
148.
BAR/BUSD
75 910 USD
0.00 %
149.
DIA/BUSD
73 177 USD
0.00 %
150.
AVA/BUSD
72 138 USD
0.00 %
151.
OM/BUSD
70 688 USD
0.00 %
152.
CKB/BUSD
68 129 USD
0.00 %
153.
RVN/BUSD
63 463 USD
0.00 %
154.
TKO/BUSD
61 940 USD
0.00 %
155.
CREAM/BUSD
58 886 USD
0.00 %
156.
FIO/BUSD
57 149 USD
0.00 %
157.
DGB/BUSD
52 012 USD
0.00 %
158.
ALPHA/BUSD
51 058 USD
0.00 %
159.
BTG/BUSD
44 724 USD
0.00 %
160.
QTUM/BUSD
41 228 USD
0.00 %
161.
ZRX/BUSD
40 590 USD
0.00 %
162.
BAL/BUSD
38 276 USD
0.00 %
163.
WRX/BUSD
33 948 USD
0.00 %
164.
TOMO/BUSD
32 869 USD
0.00 %
165.
GHST/BUSD
17 681 USD
0.00 %
166.
BUSD/USDT
16 645 USD
0.00 %
167.
BUSD/VAI
11 488 USD
0.00 %
168.
BUSD/USDT
11 440 USD
0.00 %
169.
BUSD/DAI
11 340 USD
0.00 %
170.
BTC/BUSD
9 192 USD
0.00 %
171.
BUSD/INR
6 971 USD
0.00 %
172.
BUSD/USDT
4 358 USD
0.00 %
173.
LUNA/BUSD
858 USD
0.00 %
174.
BUSD/USDT
550 USD
0.00 %
175.
BUSD/USDT
350 USD
0.00 %
176.
BUSD/USDF
346 USD
0.00 %
177.
BNB/BUSD
76 USD
0.00 %

About Binance USD


Binance USD is a joint project of the Binance trading platform and fintech company Paxos. It was launched as a part of the Binance Venus blockchain project. It is reliable and transparent because Paxos has licences and permissions of regulators and is audited every month.

Users of Binance exchanges and services, all investors and traders are offered the BUSD stablecoin as an alternative to the fiat dollar. It is suitable for saving assets during crypto market turmoil. It is beneficial for those who are willing to convert cryptocurrency into something more stable and reliable.

Binance USD project history

The project with the stablecoin was created in September 2019 by famous companies — Binance Holdings Ltd and Paxos Trust Company, LLC. The first one was represented by its CEO Changpeng Zhao and his army of developers, while the second one came with a small team led by CEO Charles Cascarilla. Their goal was the modernisation of the financial system by launching a fail-safe global network with stablecoins that would assist other cryptocurrencies in liquidity improvement.

Binance and Paxos immediately received permission from the New York State Department of Financial Services. Also, Paxos Trust Company had already obtained the BitLicense because it had been issuing its own stablecoin—Paxos Standard (PAX)—for a long time. After a short official announcement, in mid-September, Wei Zhou (CFO at Binance) and Rich Teo (CEO at Paxos Asia) revealed the details of the partnership during the summit ‘Invest: Asia 2019’ in Singapore.

First, BUSD had been available for a direct exchange for PAX and USD through a personal account on the Paxos website. Then, in late September, the Binance exchange listed its own stablecoin paired with BTC, BNB, and XRP.

Binance USD cryptocurrency aspects

Binance USD concurrently operates in two blockchain networks. Since September 2019, first stablecoins have been issued in the Ethereum blockchain according to the ERC-20 standard. After a month, Binance has started issuing them in its Binance Chain according to the BEP-2 standard. This decision allowed implementing them into decentralized applications of two different blockchains.

Token contracts are used to issue Binance USD, so the stablecoin is technically not a coin but a token with a stable price. BUSD tokens issued on different blockchains are incompatible. So it is possible to send them only to the addresses of the corresponding networks and only through wallets with support for the corresponding blockchain.

To buy BUSD for the first time on the Binance exchange or the Paxos website, it is necessary to pass the KYC procedure. Verification is needed due to regulators’ requirements in terms of stablecoins and fiat currencies. It is all simple when it comes to the exchange — just make deposits in any currency on an account and buy BUSD in any of three ways:

  1. For fiat currencies via an exchanger.
  2. For stablecoins USDT, USDC, TUSD, and PAX through conversion.
  3. For any supported cryptocurrencies by creating an order.

The exchange does not charge fees for buying BUSD but third-party payment systems and providers will charge their commission for deposits. The Paxos website also does not have fees, and buying is even easier: deposit either US dollars (by a transfer to the company’s bank account) or PAX stablecoins. Then the issuer creates a smart contract for an ordered amount of tokens and sends them to the buyer.

To sell BUSD, it is necessary to make a request for redemption and send them to the issuer’s address. Paxos will transfer US dollars to your bank account and ‘burn’ the redeemed tokens through a smart contract to balance the tokens in reserve and circulation. Redemption also does not have an imposed commission, and the whole process takes no longer than a business day.

The BUSD rate is pegged to the US dollar. Binance and Paxos maintain parity so that one token is equivalent to one fiat dollar. However, due to market volatility, which is stronger than the capabilities of these companies, deviations sometimes occur.

On our Binance USD chart, you can observe all token’s extremes. Thus, on 12 March 2020, BUSD reached its high at $1.05, and on 18 March — its low at $0.97.

The backing of the BUSD stablecoin

The BUSD price is stable because all issued tokens are backed by reserves on the accounts of Paxos Trust Company. At the same time, accounts in US banks are insured by the Federal Deposit Insurance Corporation. Paxos really does store dollars one-to-one and does not mix any other assets or account receivables with the reserve. Only this fintech company is an issuer and depositee. Parental and subsidiary companies of Binance Holdings do not hold any reserves of fiat dollars to back BUSD.

To assure everybody that it has a reserve and is capable of paying, every month Paxos gets audited and publishes results (pdf documents) on its website, paxos.com. The first audit took place way back in September 2019, and since then, not a month went by without it.

The first audit (September 2019) Amount
Tokens issued into circulation 19,257,948.22 BUSD
Fiat dollars in reserve accounts 19,257,948.22 USD
The 13th audit (September 2020) Amount
Tokens issued into circulation 503,349,908.47 BUSD
Fiat dollars in reserve accounts 503,349,908.47 USD

 

The permanent auditor is Withum, which is a member of the HLB International network. For 50 years, it has been offering tax, accounting, auditing, and consulting services. Its credibility and reliability of its results are beyond dispute.

The user’s USD wallet in personal account is a simulation wallet. Buying and selling coins in indices, gains or losses thereon are a virtual simulation. We are not able to conduct any transactions with real currency. *Partnership service Coin-cap.pro does not offer the service of buying or selling cryptocurrencies.