Binance USD Trading Down 0.1% This Week (BUSD)

Binance USD (BUSD) traded down 0% against the US dollar during the 1-day period ending at 11:00 AM E.T. on October 16th. Over the last week, Binance USD has traded 0.1% lower against the US dollar. One Binance USD token can currently be bought for about $1.00 or 0.00001479 BTC on cryptocurrency exchanges. Binance USD has a total market capitalization of $69.55 million and approximately $8.41 million worth of Binance USD was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 3.5% against the dollar and now trades at $0.0494 or 0.00000073 BTC.
• P2P Solutions foundation (P2PS) traded 1.4% higher against the dollar and now trades at $168.79 or 0.00249565 BTC.

Binance USD Profile

Binance USD’s genesis date was September 10th, 2019. Binance USD’s total supply is 69,511,448 tokens. The official message board for Binance USD is coinmarketcap.com/community/profile/busd. Binance USD’s official Twitter account is @binance and its Facebook page is accessible here. Binance USD’s official website is www.binance.com/en/busd.

According to CryptoCompare, “BUSD is a stablecoin issued by Paxos and supported by Binance. It is backed by U.S. dollar reserves held in insured U.S. banks, Treasury bills, and money market funds, and is regulated by the New York State Department of Financial Services. BUSD is issued on the Ethereum blockchain as an ERC-20 token and on the BNB Chain as a BEP-20 token, and can be used for hedging against volatility, stable price-pegging, remittances, crowdfunding, payments, lending, borrowing, and other financial services. Its value remains stable through fiat currency reserves, and traders can use arbitrage to bring it back to its peg if its price moves away from $1.”

Buying and Selling Binance USD

It is usually not possible to purchase alternative cryptocurrencies such as Binance USD directly using US dollars. Investors seeking to trade Binance USD should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Binance USD using one of the exchanges listed above.

BUSD/USD price chart by TradingView