4

Rank

Binance USD, BUSD

$1.00 ( -0.06% )

Market Cap

$22 373 532 693

24 Hour Volume

$4 590 192 659

Available Supply

22 370 281 471

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.
BTC/BUSD
2 317 391 308 USD
50.45 %
2.
BUSD/USDT
841 058 920 USD
18.31 %
3.
ETH/BUSD
351 805 556 USD
7.66 %
4.
DOGE/BUSD
149 816 309 USD
3.26 %
5.
BTC/BUSD
140 275 204 USD
3.05 %
6.
BTC/BUSD
118 264 968 USD
2.57 %
7.
BNB/BUSD
100 473 565 USD
2.19 %
8.
BUSD/USDT
79 171 108 USD
1.72 %
9.
XRP/BUSD
61 754 314 USD
1.34 %
10.
BTC/BUSD
34 023 568 USD
0.74 %
11.
LINK/BUSD
31 973 708 USD
0.70 %
12.
LTC/BUSD
28 130 810 USD
0.61 %
13.
ETH/BUSD
27 495 411 USD
0.60 %
14.
SOL/BUSD
24 666 086 USD
0.54 %
15.
ETH/BUSD
24 050 202 USD
0.52 %
16.
MATIC/BUSD
19 149 374 USD
0.42 %
17.
BUSD/TRY
15 367 238 USD
0.33 %
18.
BUSD/BRL
13 364 285 USD
0.29 %
19.
VIDT/BUSD
9 624 647 USD
0.21 %
20.
BNB/BUSD
9 298 327 USD
0.20 %
21.
CHZ/BUSD
8 843 518 USD
0.19 %
22.
ADA/BUSD
8 629 619 USD
0.19 %
23.
BUSD/USDT
8 620 667 USD
0.19 %
24.
TRB/BUSD
8 043 121 USD
0.18 %
25.
TWT/BUSD
7 472 411 USD
0.16 %
26.
AVAX/BUSD
7 169 483 USD
0.16 %
27.
DOT/BUSD
6 560 342 USD
0.14 %
28.
RUNE/BUSD
5 678 138 USD
0.12 %
29.
TRX/BUSD
5 569 188 USD
0.12 %
30.
TKO/BUSD
5 072 131 USD
0.11 %
31.
LIT/BUSD
5 038 900 USD
0.11 %
32.
ATOM/BUSD
4 245 080 USD
0.09 %
33.
NEAR/BUSD
4 175 501 USD
0.09 %
34.
BUSD/ZAR
4 153 092 USD
0.09 %
35.
SUSHI/BUSD
4 076 300 USD
0.09 %
36.
BUSD/BIDR
4 011 877 USD
0.09 %
37.
BAND/BUSD
3 986 319 USD
0.09 %
38.
BTCST/BUSD
3 550 051 USD
0.08 %
39.
ETC/BUSD
3 499 795 USD
0.08 %
40.
SAND/BUSD
3 428 033 USD
0.07 %
41.
FIL/BUSD
3 262 519 USD
0.07 %
42.
BUSD/DAI
2 678 968 USD
0.06 %
43.
PERP/BUSD
2 633 044 USD
0.06 %
44.
ALGO/BUSD
2 580 057 USD
0.06 %
45.
BUSD/RUB
2 572 597 USD
0.06 %
46.
CREAM/BUSD
2 243 109 USD
0.05 %
47.
CRV/BUSD
2 217 200 USD
0.05 %
48.
PHA/BUSD
2 039 018 USD
0.04 %
49.
WAVES/BUSD
2 029 566 USD
0.04 %
50.
RSR/BUSD
2 013 073 USD
0.04 %
51.
POND/BUSD
1 857 414 USD
0.04 %
52.
NEO/BUSD
1 761 409 USD
0.04 %
53.
INJ/BUSD
1 755 263 USD
0.04 %
54.
SFP/BUSD
1 716 934 USD
0.04 %
55.
UNFI/BUSD
1 700 379 USD
0.04 %
56.
DIA/BUSD
1 664 154 USD
0.04 %
57.
DODO/BUSD
1 566 786 USD
0.03 %
58.
GRT/BUSD
1 455 172 USD
0.03 %
59.
UNI/BUSD
1 423 200 USD
0.03 %
60.
EGLD/BUSD
1 399 679 USD
0.03 %
61.
XVS/BUSD
1 380 362 USD
0.03 %
62.
JUV/BUSD
1 371 764 USD
0.03 %
63.
OCEAN/BUSD
1 361 109 USD
0.03 %
64.
XMR/BUSD
1 288 124 USD
0.03 %
65.
MANA/BUSD
1 262 536 USD
0.03 %
66.
UFT/BUSD
1 258 946 USD
0.03 %
67.
SRM/BUSD
1 179 474 USD
0.03 %
68.
AAVE/BUSD
1 155 259 USD
0.03 %
69.
AUCTION/BUSD
1 148 354 USD
0.02 %
70.
AXS/BUSD
1 036 261 USD
0.02 %
71.
ROSE/BUSD
1 023 065 USD
0.02 %
72.
IQ/BUSD
995 456 USD
0.02 %
73.
BADGER/BUSD
974 811 USD
0.02 %
74.
REEF/BUSD
930 791 USD
0.02 %
75.
ALICE/BUSD
929 766 USD
0.02 %
76.
DASH/BUSD
923 919 USD
0.02 %
77.
DEGO/BUSD
921 282 USD
0.02 %
78.
CKB/BUSD
880 614 USD
0.02 %
79.
CAKE/BUSD
853 226 USD
0.02 %
80.
SXP/BUSD
819 215 USD
0.02 %
81.
VET/BUSD
781 839 USD
0.02 %
82.
BCH/BUSD
753 995 USD
0.02 %
83.
WRX/BUSD
703 244 USD
0.02 %
84.
ENJ/BUSD
689 467 USD
0.02 %
85.
DF/BUSD
646 786 USD
0.01 %
86.
AUTO/BUSD
645 391 USD
0.01 %
87.
BTC/BUSD
626 355 USD
0.01 %
88.
TLM/BUSD
620 672 USD
0.01 %
89.
MKR/BUSD
603 323 USD
0.01 %
90.
XTZ/BUSD
603 036 USD
0.01 %
91.
XLM/BUSD
593 268 USD
0.01 %
92.
LRC/BUSD
582 640 USD
0.01 %
93.
FIO/BUSD
551 295 USD
0.01 %
94.
ACM/BUSD
535 028 USD
0.01 %
95.
DEXE/BUSD
512 454 USD
0.01 %
96.
KP3R/BUSD
507 653 USD
0.01 %
97.
BEL/BUSD
497 962 USD
0.01 %
98.
EOS/BUSD
483 820 USD
0.01 %
99.
WING/BUSD
430 851 USD
0.01 %
100.
PROM/BUSD
426 619 USD
0.01 %
101.
YFI/BUSD
417 920 USD
0.01 %
102.
HBAR/BUSD
387 343 USD
0.01 %
103.
SNX/BUSD
373 276 USD
0.01 %
104.
BIFI/BUSD
351 820 USD
0.01 %
105.
CVP/BUSD
351 056 USD
0.01 %
106.
SUPER/BUSD
342 890 USD
0.01 %
107.
ONE/BUSD
336 155 USD
0.01 %
108.
AERGO/BUSD
324 311 USD
0.01 %
109.
FRONT/BUSD
290 419 USD
0.01 %
110.
IDEX/BUSD
289 022 USD
0.01 %
111.
AUDIO/BUSD
285 321 USD
0.01 %
112.
CFX/BUSD
274 045 USD
0.01 %
113.
ZIL/BUSD
271 434 USD
0.01 %
114.
KSM/BUSD
268 018 USD
0.01 %
115.
GHST/BUSD
263 177 USD
0.01 %
116.
FXS/BUSD
249 130 USD
0.01 %
117.
1INCH/BUSD
226 039 USD
0.00 %
118.
BAKE/BUSD
218 634 USD
0.00 %
119.
FORTH/BUSD
217 439 USD
0.00 %
120.
FIS/BUSD
209 463 USD
0.00 %
121.
ANT/BUSD
208 345 USD
0.00 %
122.
TVK/BUSD
205 999 USD
0.00 %
123.
ZEC/BUSD
205 067 USD
0.00 %
124.
XVG/BUSD
203 586 USD
0.00 %
125.
BAR/BUSD
196 399 USD
0.00 %
126.
AVA/BUSD
194 833 USD
0.00 %
127.
HOT/BUSD
191 077 USD
0.00 %
128.
MIR/BUSD
182 872 USD
0.00 %
129.
FOR/BUSD
173 100 USD
0.00 %
130.
RVN/BUSD
167 436 USD
0.00 %
131.
BNT/BUSD
161 379 USD
0.00 %
132.
SYS/BUSD
156 892 USD
0.00 %
133.
COMP/BUSD
153 854 USD
0.00 %
134.
CTSI/BUSD
147 352 USD
0.00 %
135.
LINA/BUSD
140 648 USD
0.00 %
136.
KNC/BUSD
139 045 USD
0.00 %
137.
ALPHA/BUSD
132 462 USD
0.00 %
138.
OM/BUSD
130 634 USD
0.00 %
139.
BAL/BUSD
126 268 USD
0.00 %
140.
PSG/BUSD
115 313 USD
0.00 %
141.
BUSD/USDT
115 106 USD
0.00 %
142.
FRONT/BUSD
111 630 USD
0.00 %
143.
DATA/BUSD
107 754 USD
0.00 %
144.
SKL/BUSD
103 563 USD
0.00 %
145.
OMG/BUSD
97 428 USD
0.00 %
146.
CTK/BUSD
96 026 USD
0.00 %
147.
DGB/BUSD
84 732 USD
0.00 %
148.
TOMO/BUSD
82 553 USD
0.00 %
149.
STRAX/BUSD
75 309 USD
0.00 %
150.
HARD/BUSD
74 997 USD
0.00 %
151.
ONT/BUSD
74 615 USD
0.00 %
152.
NMR/BUSD
74 472 USD
0.00 %
153.
BAT/BUSD
71 698 USD
0.00 %
154.
CAKE/BUSD
65 949 USD
0.00 %
155.
ICX/BUSD
64 160 USD
0.00 %
156.
ZRX/BUSD
63 055 USD
0.00 %
157.
IOST/BUSD
53 923 USD
0.00 %
158.
QTUM/BUSD
48 202 USD
0.00 %
159.
JST/BUSD
31 031 USD
0.00 %
160.
BUSD/USDT
17 642 USD
0.00 %
161.
BUSD/USDT
10 794 USD
0.00 %
162.
CREAM/BUSD
6 474 USD
0.00 %
163.
BUSD/INR
2 906 USD
0.00 %
164.
BUSD/VAI
2 355 USD
0.00 %
165.
BUSD/USDT
2 058 USD
0.00 %
166.
BUSD/USDT
1 294 USD
0.00 %
167.
LUNA/BUSD
410 USD
0.00 %
168.
BTC/BUSD
43 USD
0.00 %
169.
BNB/BUSD
24 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.