5

Rank

Binance USD, BUSD

$0.999830 ( -0.03% )

Market Cap

$14 281 358 676

24 Hour Volume

$5 415 011 169

Available Supply

14 283 783 116

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.
BUSD/USDT
1 116 952 620 USD
21.47 %
2.
BTC/BUSD
999 842 549 USD
19.22 %
3.
ETH/BUSD
889 762 995 USD
17.11 %
4.
LUNA/BUSD
312 537 380 USD
6.01 %
5.
BNB/BUSD
292 850 636 USD
5.63 %
6.
SOL/BUSD
167 337 841 USD
3.22 %
7.
ETH/BUSD
137 613 803 USD
2.65 %
8.
ADA/BUSD
118 269 637 USD
2.27 %
9.
USDC/BUSD
102 311 047 USD
1.97 %
10.
MATIC/BUSD
65 874 455 USD
1.27 %
11.
DOT/BUSD
62 538 387 USD
1.20 %
12.
DOGE/BUSD
57 423 932 USD
1.10 %
13.
AVAX/BUSD
50 237 016 USD
0.97 %
14.
BTC/BUSD
50 163 052 USD
0.96 %
15.
XRP/BUSD
49 651 891 USD
0.95 %
16.
ATOM/BUSD
40 695 590 USD
0.78 %
17.
NEAR/BUSD
40 565 225 USD
0.78 %
18.
BTC/BUSD
38 850 233 USD
0.75 %
19.
ROSE/BUSD
36 657 867 USD
0.70 %
20.
SAND/BUSD
28 384 535 USD
0.55 %
21.
MANA/BUSD
27 099 675 USD
0.52 %
22.
ETH/BUSD
26 735 117 USD
0.51 %
23.
LINK/BUSD
23 567 998 USD
0.45 %
24.
ONE/BUSD
19 222 762 USD
0.37 %
25.
CAKE/BUSD
18 310 076 USD
0.35 %
26.
AXS/BUSD
17 999 365 USD
0.35 %
27.
EUR/BUSD
17 548 292 USD
0.34 %
28.
VET/BUSD
17 222 597 USD
0.33 %
29.
EGLD/BUSD
13 479 820 USD
0.26 %
30.
LTC/BUSD
13 229 862 USD
0.25 %
31.
CRV/BUSD
12 478 762 USD
0.24 %
32.
KP3R/BUSD
11 900 095 USD
0.23 %
33.
ALGO/BUSD
11 632 830 USD
0.22 %
34.
BUSD/BRL
11 051 668 USD
0.21 %
35.
SYS/BUSD
10 779 974 USD
0.21 %
36.
BUSD/TRY
10 128 479 USD
0.19 %
37.
FIL/BUSD
9 611 432 USD
0.18 %
38.
LRC/BUSD
9 579 187 USD
0.18 %
39.
AUD/BUSD
9 478 315 USD
0.18 %
40.
BUSD/DAI
9 224 071 USD
0.18 %
41.
BNB/BUSD
8 743 489 USD
0.17 %
42.
BUSD/USDT
8 717 032 USD
0.17 %
43.
BUSD/BIDR
7 238 874 USD
0.14 %
44.
EOS/BUSD
7 137 649 USD
0.14 %
45.
RUNE/BUSD
6 898 529 USD
0.13 %
46.
ENJ/BUSD
6 519 763 USD
0.13 %
47.
UNI/BUSD
6 471 123 USD
0.12 %
48.
TLM/BUSD
6 090 411 USD
0.12 %
49.
ALICE/BUSD
6 086 433 USD
0.12 %
50.
CREAM/BUSD
6 042 926 USD
0.12 %
51.
TRX/BUSD
6 024 618 USD
0.12 %
52.
GBP/BUSD
5 195 905 USD
0.10 %
53.
XLM/BUSD
4 986 402 USD
0.10 %
54.
BCH/BUSD
4 358 063 USD
0.08 %
55.
POND/BUSD
4 200 194 USD
0.08 %
56.
HBAR/BUSD
3 813 018 USD
0.07 %
57.
SUSHI/BUSD
3 566 561 USD
0.07 %
58.
PROM/BUSD
3 515 007 USD
0.07 %
59.
CHZ/BUSD
3 403 591 USD
0.07 %
60.
BTC/BUSD
3 332 473 USD
0.06 %
61.
BUSD/RUB
3 280 729 USD
0.06 %
62.
ETC/BUSD
3 198 145 USD
0.06 %
63.
BTT/BUSD
3 196 893 USD
0.06 %
64.
ZEC/BUSD
3 157 129 USD
0.06 %
65.
XTZ/BUSD
3 126 197 USD
0.06 %
66.
OCEAN/BUSD
2 903 536 USD
0.06 %
67.
AAVE/BUSD
2 800 571 USD
0.05 %
68.
TUSD/BUSD
2 784 430 USD
0.05 %
69.
CTSI/BUSD
2 716 830 USD
0.05 %
70.
FRONT/BUSD
2 674 981 USD
0.05 %
71.
COMP/BUSD
2 570 171 USD
0.05 %
72.
YFI/BUSD
2 348 648 USD
0.05 %
73.
SRM/BUSD
2 310 414 USD
0.04 %
74.
XMR/BUSD
2 293 396 USD
0.04 %
75.
KSM/BUSD
2 157 557 USD
0.04 %
76.
FXS/BUSD
2 131 364 USD
0.04 %
77.
MKR/BUSD
2 092 705 USD
0.04 %
78.
XVS/BUSD
2 050 950 USD
0.04 %
79.
DODO/BUSD
2 020 858 USD
0.04 %
80.
GHST/BUSD
1 993 318 USD
0.04 %
81.
TVK/BUSD
1 966 456 USD
0.04 %
82.
BAKE/BUSD
1 892 049 USD
0.04 %
83.
DASH/BUSD
1 844 292 USD
0.04 %
84.
ZIL/BUSD
1 794 881 USD
0.03 %
85.
GRT/BUSD
1 783 878 USD
0.03 %
86.
CAKE/BUSD
1 742 950 USD
0.03 %
87.
SXP/BUSD
1 680 901 USD
0.03 %
88.
HOT/BUSD
1 680 412 USD
0.03 %
89.
SFP/BUSD
1 675 893 USD
0.03 %
90.
NEO/BUSD
1 667 894 USD
0.03 %
91.
OMG/BUSD
1 666 429 USD
0.03 %
92.
WAVES/BUSD
1 625 016 USD
0.03 %
93.
CKB/BUSD
1 620 131 USD
0.03 %
94.
ONT/BUSD
1 582 713 USD
0.03 %
95.
1INCH/BUSD
1 507 618 USD
0.03 %
96.
IDEX/BUSD
1 477 152 USD
0.03 %
97.
ANT/BUSD
1 463 676 USD
0.03 %
98.
AUDIO/BUSD
1 455 159 USD
0.03 %
99.
CTK/BUSD
1 373 288 USD
0.03 %
100.
REEF/BUSD
1 339 478 USD
0.03 %
101.
SKL/BUSD
1 304 302 USD
0.03 %
102.
HARD/BUSD
1 303 121 USD
0.03 %
103.
SUPER/BUSD
1 292 134 USD
0.02 %
104.
BTC/BUSD
1 229 673 USD
0.02 %
105.
DF/BUSD
1 227 638 USD
0.02 %
106.
BAT/BUSD
1 178 831 USD
0.02 %
107.
DIA/BUSD
1 149 054 USD
0.02 %
108.
PERP/BUSD
1 138 995 USD
0.02 %
109.
RVN/BUSD
1 110 139 USD
0.02 %
110.
KNC/BUSD
1 099 266 USD
0.02 %
111.
LINA/BUSD
1 070 741 USD
0.02 %
112.
TWT/BUSD
1 020 506 USD
0.02 %
113.
RAMP/BUSD
1 016 725 USD
0.02 %
114.
CVP/BUSD
999 082 USD
0.02 %
115.
TKO/BUSD
977 378 USD
0.02 %
116.
ICX/BUSD
957 434 USD
0.02 %
117.
DEXE/BUSD
932 174 USD
0.02 %
118.
UFT/BUSD
922 253 USD
0.02 %
119.
IOST/BUSD
895 071 USD
0.02 %
120.
BIFI/BUSD
886 934 USD
0.02 %
121.
INJ/BUSD
832 688 USD
0.02 %
122.
MIR/BUSD
791 679 USD
0.02 %
123.
FOR/BUSD
788 787 USD
0.02 %
124.
JST/BUSD
783 839 USD
0.02 %
125.
WRX/BUSD
783 616 USD
0.02 %
126.
XVG/BUSD
780 619 USD
0.02 %
127.
SNX/BUSD
775 846 USD
0.01 %
128.
EPS/BUSD
705 261 USD
0.01 %
129.
BEL/BUSD
700 152 USD
0.01 %
130.
IQ/BUSD
678 768 USD
0.01 %
131.
BAND/BUSD
666 443 USD
0.01 %
132.
VIDT/BUSD
654 581 USD
0.01 %
133.
BUSD/VAI
642 521 USD
0.01 %
134.
RSR/BUSD
612 265 USD
0.01 %
135.
CREAM/BUSD
589 530 USD
0.01 %
136.
LIT/BUSD
583 573 USD
0.01 %
137.
BTCST/BUSD
581 996 USD
0.01 %
138.
AUCTION/BUSD
542 455 USD
0.01 %
139.
BAL/BUSD
505 334 USD
0.01 %
140.
QTUM/BUSD
493 745 USD
0.01 %
141.
HEGIC/BUSD
487 674 USD
0.01 %
142.
NANO/BUSD
477 295 USD
0.01 %
143.
STRAX/BUSD
469 381 USD
0.01 %
144.
ZRX/BUSD
455 277 USD
0.01 %
145.
OM/BUSD
438 984 USD
0.01 %
146.
TRB/BUSD
423 862 USD
0.01 %
147.
DEGO/BUSD
404 193 USD
0.01 %
148.
CFX/BUSD
393 976 USD
0.01 %
149.
BADGER/BUSD
371 674 USD
0.01 %
150.
FIS/BUSD
368 794 USD
0.01 %
151.
AUTO/BUSD
346 739 USD
0.01 %
152.
AVA/BUSD
331 386 USD
0.01 %
153.
DGB/BUSD
330 770 USD
0.01 %
154.
PHA/BUSD
320 838 USD
0.01 %
155.
AERGO/BUSD
307 455 USD
0.01 %
156.
FIO/BUSD
301 625 USD
0.01 %
157.
BUSD/USDT
299 437 USD
0.01 %
158.
BTG/BUSD
298 824 USD
0.01 %
159.
FRONT/BUSD
270 061 USD
0.01 %
160.
ALPHA/BUSD
248 853 USD
0.00 %
161.
DATA/BUSD
237 337 USD
0.00 %
162.
FLM/BUSD
237 033 USD
0.00 %
163.
TOMO/BUSD
235 624 USD
0.00 %
164.
YFII/BUSD
228 182 USD
0.00 %
165.
PSG/BUSD
228 015 USD
0.00 %
166.
FORTH/BUSD
221 985 USD
0.00 %
167.
UNFI/BUSD
221 060 USD
0.00 %
168.
JUV/BUSD
200 633 USD
0.00 %
169.
ACM/BUSD
160 973 USD
0.00 %
170.
BNB/BUSD
153 517 USD
0.00 %
171.
WING/BUSD
145 299 USD
0.00 %
172.
DNT/BUSD
142 622 USD
0.00 %
173.
BAR/BUSD
103 914 USD
0.00 %
174.
NMR/BUSD
102 208 USD
0.00 %
175.
BNT/BUSD
78 562 USD
0.00 %
176.
BUSD/USDT
59 212 USD
0.00 %
177.
ETH/BUSD
49 845 USD
0.00 %
178.
BTC/BUSD
49 531 USD
0.00 %
179.
LTC/BUSD
43 500 USD
0.00 %
180.
BUSD/INR
37 874 USD
0.00 %
181.
LINK/BUSD
29 758 USD
0.00 %
182.
BUSD/USDT
29 212 USD
0.00 %
183.
WAVES/BUSD
23 881 USD
0.00 %
184.
MKR/BUSD
17 349 USD
0.00 %
185.
BTC/BUSD
15 365 USD
0.00 %
186.
BUSD/DAI
12 794 USD
0.00 %
187.
BCH/BUSD
11 183 USD
0.00 %
188.
ETC/BUSD
10 648 USD
0.00 %
189.
BUSD/USDT
10 381 USD
0.00 %
190.
OCEAN/BUSD
8 116 USD
0.00 %
191.
XRP/BUSD
7 775 USD
0.00 %
192.
BUSD/USDT
5 736 USD
0.00 %
193.
SXP/BUSD
5 469 USD
0.00 %
194.
BUSD/USDF
4 502 USD
0.00 %
195.
BUSD/USDT
4 336 USD
0.00 %
196.
COMP/BUSD
4 118 USD
0.00 %
197.
DGB/BUSD
3 482 USD
0.00 %
198.
BNB/BUSD
3 028 USD
0.00 %
199.
DATA/BUSD
849 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.