8

Rank

Binance USD, BUSD

$0.999773 ( -0.05% )

Market Cap

$1 155 477 600

24 Hour Volume

$3 920 846 784

Available Supply

1 155 739 834

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
731 194 849 USD
18.61 %
2.
BTC/BUSD
729 763 730 USD
18.58 %
3.
ETH/BUSD
602 942 440 USD
15.35 %
4.
ETH/BUSD
602 675 238 USD
15.34 %
5.
BUSD/USDT
328 408 802 USD
8.36 %
6.
BUSD/USDT
328 383 176 USD
8.36 %
7.
DOT/BUSD
94 736 713 USD
2.41 %
8.
LINK/BUSD
40 730 386 USD
1.04 %
9.
LINK/BUSD
40 717 412 USD
1.04 %
10.
ADA/BUSD
28 233 212 USD
0.72 %
11.
BNB/BUSD
24 971 256 USD
0.64 %
12.
BNB/BUSD
24 933 284 USD
0.63 %
13.
LTC/BUSD
22 160 305 USD
0.56 %
14.
LTC/BUSD
22 152 437 USD
0.56 %
15.
EOS/BUSD
13 804 079 USD
0.35 %
16.
EOS/BUSD
13 804 039 USD
0.35 %
17.
BTC/BUSD
12 491 277 USD
0.32 %
18.
EUR/BUSD
12 102 249 USD
0.31 %
19.
XRP/BUSD
10 664 222 USD
0.27 %
20.
XRP/BUSD
10 657 574 USD
0.27 %
21.
BCH/BUSD
8 203 518 USD
0.21 %
22.
BCH/BUSD
8 202 824 USD
0.21 %
23.
UNI/BUSD
7 185 392 USD
0.18 %
24.
UNI/BUSD
7 184 894 USD
0.18 %
25.
ATOM/BUSD
5 943 978 USD
0.15 %
26.
ATOM/BUSD
5 936 389 USD
0.15 %
27.
SUSHI/BUSD
5 932 113 USD
0.15 %
28.
SUSHI/BUSD
5 882 605 USD
0.15 %
29.
XLM/BUSD
5 707 598 USD
0.15 %
30.
XLM/BUSD
5 707 165 USD
0.15 %
31.
AAVE/BUSD
5 198 691 USD
0.13 %
32.
AAVE/BUSD
5 171 197 USD
0.13 %
33.
YFI/BUSD
4 966 484 USD
0.13 %
34.
YFI/BUSD
4 939 171 USD
0.13 %
35.
XTZ/BUSD
4 866 598 USD
0.12 %
36.
XTZ/BUSD
4 860 468 USD
0.12 %
37.
GBP/BUSD
4 226 458 USD
0.11 %
38.
AVAX/BUSD
4 105 729 USD
0.10 %
39.
EGLD/BUSD
4 067 153 USD
0.10 %
40.
VET/BUSD
4 056 933 USD
0.10 %
41.
VET/BUSD
4 053 300 USD
0.10 %
42.
ALGO/BUSD
3 945 127 USD
0.10 %
43.
ETC/BUSD
3 724 809 USD
0.09 %
44.
ETC/BUSD
3 724 182 USD
0.09 %
45.
CRV/BUSD
3 312 332 USD
0.08 %
46.
SNX/BUSD
3 153 958 USD
0.08 %
47.
SNX/BUSD
3 153 853 USD
0.08 %
48.
KP3R/BUSD
3 079 804 USD
0.08 %
49.
CREAM/BUSD
3 049 342 USD
0.08 %
50.
CREAM/BUSD
3 046 221 USD
0.08 %
51.
SXP/BUSD
2 872 343 USD
0.07 %
52.
SXP/BUSD
2 869 950 USD
0.07 %
53.
SOL/BUSD
2 653 618 USD
0.07 %
54.
TRX/BUSD
2 561 100 USD
0.07 %
55.
ZIL/BUSD
2 404 896 USD
0.06 %
56.
BUSD/DAI
2 332 514 USD
0.06 %
57.
NEO/BUSD
2 010 346 USD
0.05 %
58.
BUSD/NGN
1 829 012 USD
0.05 %
59.
BUSD/TRY
1 788 737 USD
0.05 %
60.
NANO/BUSD
1 642 880 USD
0.04 %
61.
RSR/BUSD
1 573 669 USD
0.04 %
62.
RSR/BUSD
1 572 481 USD
0.04 %
63.
HBAR/BUSD
1 547 502 USD
0.04 %
64.
HBAR/BUSD
1 547 467 USD
0.04 %
65.
MKR/BUSD
1 512 916 USD
0.04 %
66.
AUD/BUSD
1 502 274 USD
0.04 %
67.
ETH/BUSD
1 499 310 USD
0.04 %
68.
FIL/BUSD
1 472 763 USD
0.04 %
69.
ICX/BUSD
1 448 544 USD
0.04 %
70.
COVER/BUSD
1 437 289 USD
0.04 %
71.
SRM/BUSD
1 411 969 USD
0.04 %
72.
SRM/BUSD
1 409 566 USD
0.04 %
73.
ZEC/BUSD
1 303 082 USD
0.03 %
74.
OCEAN/BUSD
1 175 674 USD
0.03 %
75.
OCEAN/BUSD
1 175 639 USD
0.03 %
76.
ONT/BUSD
1 129 642 USD
0.03 %
77.
ALPHA/BUSD
1 127 147 USD
0.03 %
78.
BAT/BUSD
1 121 681 USD
0.03 %
79.
BAT/BUSD
1 121 322 USD
0.03 %
80.
ROSE/BUSD
1 105 704 USD
0.03 %
81.
NEAR/BUSD
1 013 454 USD
0.03 %
82.
RUNE/BUSD
967 139 USD
0.02 %
83.
RUNE/BUSD
966 970 USD
0.02 %
84.
WAVES/BUSD
957 615 USD
0.02 %
85.
WAVES/BUSD
957 422 USD
0.02 %
86.
AVA/BUSD
944 456 USD
0.02 %
87.
QTUM/BUSD
911 987 USD
0.02 %
88.
QTUM/BUSD
911 287 USD
0.02 %
89.
KSM/BUSD
800 465 USD
0.02 %
90.
BUSD/USDT
800 327 USD
0.02 %
91.
KSM/BUSD
797 163 USD
0.02 %
92.
DOGE/BUSD
794 357 USD
0.02 %
93.
CAKE/BUSD
774 921 USD
0.02 %
94.
DASH/BUSD
748 413 USD
0.02 %
95.
SWRV/BUSD
661 203 USD
0.02 %
96.
SWRV/BUSD
661 203 USD
0.02 %
97.
YFII/BUSD
653 554 USD
0.02 %
98.
YFII/BUSD
652 633 USD
0.02 %
99.
TOMO/BUSD
632 443 USD
0.02 %
100.
MATIC/BUSD
632 212 USD
0.02 %
101.
FOR/BUSD
594 191 USD
0.02 %
102.
BCHA/BUSD
577 533 USD
0.01 %
103.
DF/BUSD
570 960 USD
0.01 %
104.
XMR/BUSD
547 824 USD
0.01 %
105.
DIA/BUSD
493 879 USD
0.01 %
106.
DIA/BUSD
493 694 USD
0.01 %
107.
BZRX/BUSD
487 020 USD
0.01 %
108.
BZRX/BUSD
485 688 USD
0.01 %
109.
VIDT/BUSD
473 145 USD
0.01 %
110.
INJ/BUSD
472 089 USD
0.01 %
111.
COMP/BUSD
466 716 USD
0.01 %
112.
COMP/BUSD
465 165 USD
0.01 %
113.
CTSI/BUSD
463 787 USD
0.01 %
114.
UNFI/BUSD
459 240 USD
0.01 %
115.
BUSD/USDT
440 462 USD
0.01 %
116.
ENJ/BUSD
440 353 USD
0.01 %
117.
ZRX/BUSD
437 020 USD
0.01 %
118.
ZRX/BUSD
436 698 USD
0.01 %
119.
TRB/BUSD
433 181 USD
0.01 %
120.
TRB/BUSD
430 740 USD
0.01 %
121.
FRONT/BUSD
412 021 USD
0.01 %
122.
LUNA/BUSD
368 162 USD
0.01 %
123.
LUNA/BUSD
368 111 USD
0.01 %
124.
SKL/BUSD
352 509 USD
0.01 %
125.
KNC/BUSD
350 670 USD
0.01 %
126.
HEGIC/BUSD
323 711 USD
0.01 %
127.
BUSD/BRL
311 885 USD
0.01 %
128.
IQ/BUSD
293 387 USD
0.01 %
129.
BAL/BUSD
279 895 USD
0.01 %
130.
XVS/BUSD
257 289 USD
0.01 %
131.
BUSD/USDT
253 102 USD
0.01 %
132.
FLM/BUSD
246 786 USD
0.01 %
133.
ANT/BUSD
233 923 USD
0.01 %
134.
ANT/BUSD
232 998 USD
0.01 %
135.
MANA/BUSD
210 083 USD
0.01 %
136.
DGB/BUSD
197 868 USD
0.01 %
137.
CTK/BUSD
194 310 USD
0.00 %
138.
ONE/BUSD
188 647 USD
0.00 %
139.
SAND/BUSD
181 064 USD
0.00 %
140.
SAND/BUSD
181 064 USD
0.00 %
141.
STRAX/BUSD
177 802 USD
0.00 %
142.
BEL/BUSD
177 703 USD
0.00 %
143.
BEL/BUSD
177 204 USD
0.00 %
144.
BUSD/USDT
176 546 USD
0.00 %
145.
GHST/BUSD
165 229 USD
0.00 %
146.
AXS/BUSD
151 277 USD
0.00 %
147.
DATA/BUSD
142 117 USD
0.00 %
148.
NMR/BUSD
137 587 USD
0.00 %
149.
AUDIO/BUSD
137 324 USD
0.00 %
150.
NMR/BUSD
136 641 USD
0.00 %
151.
BTT/BUSD
130 168 USD
0.00 %
152.
IDEX/BUSD
123 609 USD
0.00 %
153.
IDEX/BUSD
123 568 USD
0.00 %
154.
HARD/BUSD
122 952 USD
0.00 %
155.
HARD/BUSD
122 488 USD
0.00 %
156.
WRX/BUSD
114 967 USD
0.00 %
157.
WRX/BUSD
114 953 USD
0.00 %
158.
RVN/BUSD
114 834 USD
0.00 %
159.
RVN/BUSD
114 834 USD
0.00 %
160.
DNT/BUSD
114 240 USD
0.00 %
161.
BOT/BUSD
113 989 USD
0.00 %
162.
BNT/BUSD
108 149 USD
0.00 %
163.
BNT/BUSD
108 063 USD
0.00 %
164.
JST/BUSD
105 119 USD
0.00 %
165.
JST/BUSD
105 020 USD
0.00 %
166.
SYS/BUSD
96 185 USD
0.00 %
167.
LTC/BUSD
94 757 USD
0.00 %
168.
WING/BUSD
94 242 USD
0.00 %
169.
WING/BUSD
94 242 USD
0.00 %
170.
BUSD/BIDR
91 229 USD
0.00 %
171.
BUSD/BIDR
91 229 USD
0.00 %
172.
BUSD/RUB
73 688 USD
0.00 %
173.
FIO/BUSD
69 279 USD
0.00 %
174.
FIO/BUSD
69 156 USD
0.00 %
175.
AERGO/BUSD
65 644 USD
0.00 %
176.
LINK/BUSD
63 594 USD
0.00 %
177.
PROM/BUSD
58 362 USD
0.00 %
178.
BNB/BUSD
56 896 USD
0.00 %
179.
BUSD/BKRW
44 191 USD
0.00 %
180.
BUSD/BKRW
44 191 USD
0.00 %
181.
CVP/BUSD
42 816 USD
0.00 %
182.
ETH/BUSD
40 143 USD
0.00 %
183.
BTC/BUSD
37 124 USD
0.00 %
184.
BCH/BUSD
32 777 USD
0.00 %
185.
BNB/BUSD
28 634 USD
0.00 %
186.
WAVES/BUSD
26 238 USD
0.00 %
187.
BTC/BUSD
23 851 USD
0.00 %
188.
MKR/BUSD
19 685 USD
0.00 %
189.
BUSD/USDT
19 416 USD
0.00 %
190.
BUSD/DAI
18 574 USD
0.00 %
191.
BUSD/ZAR
13 943 USD
0.00 %
192.
COMP/BUSD
12 424 USD
0.00 %
193.
BTC/BUSD
10 126 USD
0.00 %
194.
DGB/BUSD
7 221 USD
0.00 %
195.
BUSD/USDF
7 201 USD
0.00 %
196.
BUSD/USDT
6 732 USD
0.00 %
197.
BUSD/USDT
6 540 USD
0.00 %
198.
XRP/BUSD
6 142 USD
0.00 %
199.
SXP/BUSD
5 712 USD
0.00 %
200.
ETC/BUSD
5 503 USD
0.00 %
201.
BUSD/IDRT
5 334 USD
0.00 %
202.
BTC/BUSD
4 223 USD
0.00 %
203.
BUSD/USDT
4 141 USD
0.00 %
204.
BNB/BUSD
2 080 USD
0.00 %
205.
BUSD/USDT
1 591 USD
0.00 %
206.
DATA/BUSD
992 USD
0.00 %
207.
STORJ/BUSD
157 USD
0.00 %
208.
PAXG/BUSD
46 USD
0.00 %
209.
KMD/BUSD
37 USD
0.00 %
210.
REP/BUSD
37 USD
0.00 %
211.
BLZ/BUSD
36 USD
0.00 %
212.
VTHO/BUSD
16 USD
0.00 %
213.
IRIS/BUSD
0 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.