Binance USD (BUSD) Market

Price today: $ 1.00

Binance USD (BUSD) is a stablecoin (stable currency) paired with the US Dollar (USD) issued by PAXOS together with Exchange Binance.
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Binance USD

What is Binance USD (BUSD)?

Like many other stablecoins, the BUSD is paired with a fiat currency, in this case, the US Dollar, which means that for every BUSD in circulation, there is a USD, one to one (1:1).

Stablecoin is an asset class backed by assets such as fiat currencies or even gold, combining the stability of these assets with blockchain efficiency.

It works on a basis of price stability, playing an important role within the crypto economy. Binance USD  aims to be a bridge between the traditional financial sector and cryptocurrencies.

Market info

  • Ranking

    6

  • Market cap

    $ 17,551,693,376

  • Circulating Supply

    BTC 17,547,224,379

  • Volume last 24 hours

    $ 4,011,933,752

Binance USD

USDT 1.00
2.93%

Updated at

Other crypts

24h

How to buy Binance USD

  • Download the app!

    Open the Monnos app and login or create your account. You can download from Google Play or App Store

  • Make your deposit

    In Monnos you can buy crypto starting from US$ 5,00

  • Quick Buy Crypto

    On the screen with your balance, go to the shortcut “Quick Buy Crypto” and choose the currency you want to buy

  • Done!

    Confirm your purchase and wait for the confirmation and you’re done! You just purchased cryptocurrencies in less than 5 minutes

FAQ: Frequent asked questions about Binance USD (BUSD)

How was the BUSD created?

Binance USD was developed in partnership between two of the largest companies in the cryptocurrency scene, Exchange Binance and Paxos Trust Company, which is responsible for several other stablecoins in the market, such as: Pax Dollar (US dollar stablecoin) and Pax Gold ( stablecoin paired in gold).

Is Binance USD (BUSD) Safe?

BUSD undergoes monthly audits to show transparency to the market, proving to have the same dollar amount. You can check the report of these audits here. The networks where the BUSD is traded are the ERC-20 (Ethereum), BEP-2 and BEP-20 (Binance Smart Chain), which are theoretically secure networks. ERC-20 is backed by decentralization, and BEP-2 and BEP-20 are centralized networks, backed by trust, where the majority of functioning Nodes are owned or are partners of Exchange Binance.

How much is 1 USD worth?

As a stablecoin collateralized to the US Dollar, one (1) BUSD is worth one (1) USD.

How and where to buy BUSD?

You can buy BUSD at any exchange that owns the currency. Monnos is a Cryptobank with a large number of cryptocurrencies available for trading, with more than 70 assets listed in our market. The cryptocurrency purchase process was made for those who do not yet have experience in this market and who wish to position themselves in crypto.