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BUSD
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1 BUSD = 0.9986 USD
Last updated 2024-06-16 22:51:26(UTC-0)
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BUSD price live data summary

The live price of BUSD is $0.9986 per (BUSD / USD) today with a current market cap of $70.41M USD. The 24-hour trading volume is $11.50M USD. BUSD to USD price is updated in real time. BUSD is -0.04% in the last 24 hours. It has a circulating supply of 70,511,450 .

What is the highest price of BUSD?

BUSD has an all-time high (ATH) of $1.11, recorded on 2020-03-12.

What is the lowest price of BUSD?

BUSD has an all-time low (ATL) of $0.8861, recorded on 2020-03-13.

BUSD price prediction

Set your prediction

When is a good time to buy BUSD? Should I buy or sell now?

When deciding whether to buy or sell BUSD, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget BUSD technical analysis can provide you with a reference for trading.
According to the BUSD 4h technical analysis, the trading signal is Sell.
According to the BUSD 1d technical analysis, the trading signal is Strong sell.
According to the BUSD 1w technical analysis, the trading signal is Strong sell.

What will the price of BUSD be in 2025?

Based on BUSD's historical price performance prediction model, the price of BUSD is projected to reach $1.2 in 2025.

What will the price of BUSD be in 2030?

In 2030, the BUSD price is expected to rise by -2.00%. By the end of 2030, the BUSD price is projected to reach $1.46, with a cumulative ROI of +46.38%.
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BUSD price performance in USD

24h7d30d90d1yAll-time
-0.04%-0.22%-0.20%-0.20%-0.16%-0.70%
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BUSD price history in USD

TimeLowHigh
24h$0.9984$0.9990
7d$0.9984$1
30d$0.9984$1
90d$0.9981$1.01
1y$0.9962$1.04
All-time$0.8861(2020-03-13, 4 years ago )$1.11(2020-03-12, 4 years ago )
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BUSD market information

Market cap
$70,413,414.83
-0.04%
Fully diluted market cap
$70,413,414.83
-0.04%
Volume (24h)
$11,502,061.76
-17.98%
Market rankings
Circulation rate
+100.00%
24h volume / market cap
0.1633
Circulating supply
70,511,450 BUSD
Total supply / Max supply
70,511,447.78 BUSD
-- BUSD
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Buy BUSD for 1 USD
A welcome pack worth 1000 USDT for new Bitgetters!
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BUSD ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

About BUSD(BUSD)

What Is Binance USD?

Binance USD (BUSD) is a stablecoin issued by one of the world's leading cryptocurrency exchanges, Binance. Binance USD was launched in September 2019 as a collaborative effort between Binance and Paxos Trust Company. Paxos is a New York State-chartered trust company and it also acts as the USD custodian and issuer of Binance USD. Moreover, the issuance and redemption of BUSD is regulated and approved by the New York State Department of Financial Services (NYDFS), adding an extra layer of credibility and security to the token.

The goal of Binance USD and other stablecoins is to provide the benefits of digital currencies - like fast, cheap, and programmable transactions - without the price volatility that typically accompanies cryptocurrencies. This makes them ideal for use cases that require stability, such as payments, remittances, and trading pairs on crypto exchanges.

Binance USD is available on multiple blockchain platforms, including Ethereum, BNB Chain, Avalanche, Polygon and more.

Resources

Official website: https://www.binance.com/en/busd

How Does Binance USD Work?

In operation, Binance USD works like any other cryptocurrency. It utilizes blockchain technology to enable peer-to-peer transactions. But unlike Bitcoin or Ethereum, its value doesn't fluctuate against USD, providing users with stability.

Users can buy and redeem BUSD 1:1 against USD directly through Paxos. Once obtained, BUSD can be traded on the Binance exchange and other platforms that support it, used for transaction purposes, or held as a store of value. Additionally, owing to its stable nature, BUSD often acts as a safe haven asset within the crypto market during periods of high volatility.

Use Cases of Binance USD

Binance USD (BUSD) is a 1:1 USD-backed stablecoin, offering a stable market value and low-volatility asset. Here are its key use cases:

- Trading and Liquidity: BUSD provides top liquidity across various trading pairs and platforms, with zero maker fees and transaction fees for certain trading pairs. It also acts as a liquidity gateway for newly-listed tokens on Binance.

- Earning Opportunities: By staking BUSD on Binance, holders can earn a range of Annual Percentage Yields (APYs). BUSD holders can also participate in Binance Launchpad projects.

- NFTs and Advanced Trading: BUSD provides access to the NFT marketplace and advanced trading options like Margin Trading and Binance Futures.

- Liquidity Farming and DeFi: BUSD is commonly used in liquidity pairs and is gradually taking the lead in decentralized finance (DeFi) applications.

- Easy Purchase and Redemption: BUSD is fully redeemable with the US dollar and can be easily purchased and withdrawn via the SWIFT network.

What Determines Binance USD's Price?

Understanding the factors that determine the Binance USD Price (BUSD) is crucial for both traders and investors in the cryptocurrency market. One of the primary elements affecting the BUSD Current Value is its 1:1 peg to the U.S. dollar. This pegged value is maintained by reserves held by Binance and Paxos, ensuring that the BUSD to USD Rate remains stable—making it a reliable asset in the volatile crypto market.

Regular audits and compliance with regulatory standards, such as oversight by the New York State Department of Financial Services (NYDFS), further solidify the BUSD Stability Analysis. These audits confirm that each BUSD token is backed by an equivalent amount of U.S. dollars, offering a transparent look into the BUSD Real-Time Price and its BUSD Historical Data.

The Binance USD Exchange Rate is also influenced by its BUSD Trading Volume and liquidity. These are significantly high due to its listing on major cryptocurrency exchanges, including Binance itself. The Binance USD Market Cap, which has witnessed exponential growth, adds another layer to its stability and Binance USD Adoption Rate.

The smart contract technology underpinning BUSD, primarily based on the Ethereum blockchain and also supporting Binance's BEP-2 standard, allows for seamless conversions and interoperability. This adds to its liquidity and trading volume, making it even more robust. This technological backbone also offers various use-cases like yield farming and participation in liquidity pools, which can indirectly affect the Binance USD Future Price by driving demand.

BUSD Price Trends also benefit from a wide range of trading pairs on cryptocurrency exchanges. From the BUSD/USD Pair to crypto pairs like BTC/BUSD and ETH/BUSD, the diversity of trading options bolsters its Adoption Rate and, by extension, its Market Cap. Additionally, the stablecoin offers Binance USD Arbitrage Opportunities, further increasing its trading volume.

As more platforms accept BUSD and as it discovers more use-cases, particularly in the DeFi space, Binance USD Price Prediction becomes increasingly positive, although it's designed to be stable.

The Binance USD Current Value is primarily determined by its 1:1 peg to the U.S. dollar and is backed by a robust framework of regulatory compliance, smart contract technology, and high liquidity. Whether you're looking into How to Buy Binance USD or are interested in Binance USD Price Analysis for trading, understanding these key factors is essential.

Conclusion

Overall, Binance USD represents an important innovation in the world of cryptocurrencies. As a regulated and trusted stablecoin, it provides an effective solution to the price volatility of cryptocurrencies and has been able to find its own unique space in the ever-evolving digital currency landscape. It is expected that its significance will continue to grow as more individuals and businesses start to adopt stablecoins for daily transactions and as a store of value.

How to buy BUSD (BUSD)

Buying BUSD on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy BUSD (BUSD) .

Trade BUSD perpetual futures

After having successfully signed up on Bitget and purchased USDT or BUSD tokens, you can start trading derivatives, including BUSD futures and margin trading to increase your income.

The current price of BUSD is $0.9986, with a 24h price change of -0.04%. Traders can profit by either going long or short onBUSD futures.

Join BUSD copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or BUSD tokens, you can also start copy trading by following elite traders.

BUSD news

See more
Paxos Cuts Workforce by 20%, Concentrates on Real-World Assets Tokenization

Paxos Cuts Workforce by 20%, Concentrates on Real-World Assets Tokenization

BeInCrypto2024-06-13 08:13
Risks in Crypto Trading

Risks in Crypto Trading

Arkm-research2024-06-11 10:45
Bitgert's $0.0001 Aspirations: Analyst Insights and Forecasts

Bitgert's $0.0001 Aspirations: Analyst Insights and Forecasts

Cryptodaily2024-06-10 12:31
Stablecoin Addresses Increase 15% in 2022, S&P Predicts Regulatory Clarity Could Bring Banks into the Market

Stablecoin Addresses Increase 15% in 2022, S&P Predicts Regulatory Clarity Could Bring Banks into the Market

Cointime2024-04-24 12:07
Notice of Delisting BUSD/USDT on December 3, 2023

Notice of Delisting BUSD/USDT on December 3, 2023

Bitget Announcement2024-02-18 16:04

FAQ

What is the current price of BUSD?
We update our BUSD to USD price in real time. Get the live Price of BUSD on Bitget.
What is the 24 hour trading volume of BUSD?
Over the last 24 hours, the trading volume of BUSD is $11.50M.
What is the all-time high of BUSD?
The all-time high of BUSD is $1.11. This all-time high is highest price for BUSD since it was launched.
Can I buy BUSD on Bitget?
Yes, BUSD is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Binance USD guide.
Can I get a steady income from investing in BUSD?
Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.
Where can I buy BUSD with the lowest fee?
We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
How is Binance USD different from other stablecoins?
Binance USD is specifically tailored for the Binance ecosystem, allowing seamless integration for trading pairs and other financial products on the Binance platform. It is issued by a partnership between Binance and Paxos, and is regulated by the NYDFS (New York State Department of Financial Services), adding an extra layer of credibility and oversight. BUSD often has lower fees for transfers within the Binance ecosystem.
What are the fees associated with Binance USD?
Transaction fees for buying, selling, or transferring BUSD vary depending on the platform you are using. However, within the Binance platform, transferring BUSD to other Binance users is generally free or has minimal costs.
Why is Binance USD (BUSD) Always priced around US$1?
Binance USD is designed as a stablecoin, with each BUSD token backed by one U.S. dollar held in reserve. Its main function is to offer a stable digital asset that maintains its value in the volatile cryptocurrency market. Regulatory oversight by the New York State Department of Financial Services (NYDFS) and regular audits help maintain this 1:1 peg to the dollar.
What happens if Binance USD (BUSD) loses its peg to the U.S. Dollar?
If BUSD were to significantly deviate from its $1 peg, the issuers and regulators would likely take steps to restore its value. This could involve facilitating more seamless redemptions, or potentially buying back tokens to decrease supply. However, given the regulatory oversight and reserve backing, such a scenario is considered to be unlikely.
Is Binance USD (BUSD) safe?
The safety of Binance USD (BUSD) is supported by several key factors, although, like any financial instrument, it is not completely without risk. Here's why many consider it to be safe: - Regulatory Oversight: BUSD is approved and regulated by the New York State Department of Financial Services (NYDFS). This provides a level of regulatory oversight that many other stablecoins or cryptocurrencies do not have. - Backed by U.S. Dollars: Each BUSD is backed by one U.S. dollar held in reserve. The reserves are managed by Paxos in U.S. banks that are also regulated by the NYDFS. - Regular Audits: Binance USD undergoes regular audits by third-party firms to ensure that each BUSD token is fully backed by the equivalent amount in U.S. dollars. Audit results are generally made publicly available. - Reputable Issuers: The stablecoin is issued through a partnership between Binance, one of the world’s largest cryptocurrency exchanges, and Paxos, a regulated financial institution. Both organizations have a vested interest in maintaining the integrity and safety of the stablecoin. - Technical Security: Being a blockchain-based asset, BUSD benefits from the inherent security features of blockchain technology, making it resistant to fraud and counterfeiting. - Transparency: All transactions involving BUSD are recorded on the blockchain, providing full transparency and traceability. - Redeemability: You can redeem BUSD for USD at any time, providing a level of liquidity and assurance that the token can be converted back to fiat currency. - Community Trust: The broad usage and market capitalization of BUSD suggest a high level of trust in its stability and value.
What can BUSD Stablecoin be used for?
Binance USD (BUSD) is a versatile financial instrument with a range of uses both within and outside the cryptocurrency ecosystem: - Trading: BUSD is widely used as a trading pair on the Binance exchange and other platforms such as Bitget. Its stable value makes it a safe haven during volatile market conditions. - Payments and Transactions: As a stable digital asset, BUSD can be used for online payments where cryptocurrencies are accepted, offering the benefits of speed and low transaction fees. - Liquidity: Traders and investors often use BUSD as a liquidity tool, easily converting it into other assets when needed. - DeFi Platforms: BUSD can be used in various decentralized finance (DeFi) protocols for lending, borrowing, and earning interest. - Remittances: BUSD can serve as a medium for cross-border transactions, providing a quick and low-cost alternative to traditional money transfer services. - Staking and Yield Farming: Some platforms such as Bitget offer opportunities to stake or "farm" BUSD to earn yields or governance tokens of DeFi protocols. - Asset Tokenization: BUSD can be used to tokenize real-world assets on the blockchain, from real estate to artworks, offering a stable unit of account. - Funding Accounts: Some people use BUSD to fund their trading accounts while avoiding the volatility associated with other cryptocurrencies. - Stable Savings: For those wary of the volatility of other cryptocurrencies, holding BUSD offers a stable option that still gives exposure to the benefits of blockchain technology.
Buy BUSD for 1 USD
A welcome pack worth 1000 USDT for new Bitgetters!
Buy BUSD now
Cryptocurrency investments, including buying BUSD online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy BUSD, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your BUSD purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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BUSD is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support BUSD trades.
You can trade BUSD on Bitget.

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