FXTM information and reviews
OctaFX information and reviews
XM information and reviews
FXCC information and reviews
FxPro information and reviews
HFM information and reviews

Binance USD Price, BUSD/USD Exchange Rates

Current Rating 11
Symbol BUSD
Price change, 1h -0.06%
Price change, 24h -0.13%
Price change, 7d -0.09%
BUSD current price $1.00
BUSD Market cap $8 220 406 382
Available supply 8 224 923 986 BUSD
Volume, 24h $8 495 802 442

Binance USD (BUSD) is placed right after Paxos Standard (PAX) because this popular stablecoin has been developed in collaboration with Paxos Trust Company, thus making BUSD a joint venture that shares similar traits. It is obvious that being one of the largest cryptocurrency exchange platforms, Binance needs its own stablecoin that would facilitate the ecosystem development. Apparently, Binance’s chief executives didn’t want to jump numerous bureaucratic ropes to get the necessary approval by the authorities and opted to go under Paxo’s wing, which was probably the right decision, given the general hostility of US authorities towards cryptocurrencies, especially those provided by foreign companies.

The partnership with Paxos allowed Binance to receive the approval from the New York State Department of Financial Services, which means a great deal for its constantly expanding customer base in the United States. In addition, Binance was allowed to store the vast amounts of USD used for the collateralization of BUSD in FDIC-insured banks, thus making it one of the safest stablecoins around. Paxos Trust Company also acts as a custodian of all BUSD coins. Binance also claims that the availability of the funds to back BUSD at 1:1 ratio is being regularly checked and verified by an independent auditing firm.

Naturally, Binance is the trading platform that hosts the overwhelming majority of all currency pairs, with BTC/BUSD being the largest market that takes up 33% of the entire trading volume. But unlike PAX, Binance’s stablecoin is included in a vast number of trading pairs, being placed against many interesting altcoins as well as fiat currencies. But thanks to the popularity of Binance, there is a much higher demand for this stablecoin compared to that of PAX, which explains its respectable market capitalization of $1,5 billion and the constantly growing number of large transactions in BUSD (over $100K per transaction), the total weekly volume of which often surpasses $5 million.

Binance USD is also characterized by high average daily trading volume that can fluctuate from $1.5 billion to $5 billion during times of increased market activity. All these factors allowed BUSD to be placed at the 30th spot in global rankings, making it one of the highest-ranked stablecoins on the market. Lastly, you can create and redeem BUSD on a no-fee basis.

  • Pros: Highly regulated; associated with a dominant exchange platform; lots of trading pairs; easily redeemable.
  • Cons: The average trading volume is still light years away from that of USDT.      

BUSD/USD Price and Exchange Rates Charts

BUSD/USD Price, Exchange Rates chart – 7 days

BUSD/USD Price, Exchange Rates chart – 30 days

BUSD/USD Price, Exchange Rates chart – 60 days

* Forex Rating accepts no liability for any errors in the Binance USD Price or BUSD Information. For the most recent information please visit the Binance USD official site.

Top Cryptocurrencies

# Cryptocurrency 7 days
1 BTC Information Bitcoin 14.41%
2 ETH Information Ethereum 4.53%
3 USDT Information Tether -0.11%
4 BNB Information BNB 9.59%
5 USDC Information USD Coin -0.01%
6 XRP Information XRP 0.94%
7 HEX Information HEX 6.27%
8 ADA Information Cardano -2.61%
9 STETH Information Lido stETH -3.32%
10 MATIC Information Polygon -3.82%
11 DOGE Information Dogecoin -0.17%
12 SOL Information Solana 10.72%
13 BUSD Information Binance USD -0.09%
14 DOT Information Polkadot 3.15%
15 WTRX Information Wrapped TRON -2.66%
16 SHIB Information Shiba Inu -4.43%
17 TRX Information TRON -2.22%
18 LTC Information Litecoin -1.48%
19 DAI Information Dai -0.09%
20 AVAX Information Avalanche 3.78%
Cryptocurrency Rating

Top Bitcoin Brokers

All Bitcoin Forex Brokers

BTC/USD Forecasts

Bitcoin in all its glory. Where's the stop?
Bitcoin in all its glory. Where's the stop?

Bitcoin jumped 24% last week to close at $28,000. Ethereum added 16.2% to $1800. Other leading altcoins in the top 10 gained between 6.6% (Polkadot) and 19.3% (BNB)...

20 Mar 2023

Bitcoin jumps to $27000
Bitcoin jumps to $27000

The price of Bitcoin continues its recovery, climbing to the $27084 level. At the beginning of the day, Ethereum again crossed above $1700 and continued the bullish trend...

20 Mar 2023

Banks' Woes Boost Bitcoin Performance
Banks' Woes Boost Bitcoin Performance

The worse the banks are doing, the better the cryptocurrency is doing. Bitcoin has risen over 7% in the past 24 hours to $26.7K, taking its gain over the past seven days to 36% and testing...

17 Mar 2023

Bitcoin remains above $25000
Bitcoin remains above $25000

The price of bitcoin was in consolidation yesterday. Ethereum pulled back to the $1610 level yesterday. The price of bitcoin was in consolidation yesterday. We saw a pullback attempt...

17 Mar 2023

Bitcoin is not spooked by banking chaos
Bitcoin is not spooked by banking chaos

Bitcoin was approaching $26.5K on Tuesday but almost nullified the rise by the end of the day. On Wednesday, we still see a tug-of-war near $25.0K. Bitcoin got a pull on a wave of fears around the banking system...

16 Mar 2023

A bullish pause of the Crypto
A bullish pause of the Crypto

Bitcoin is swimming in the troubles of the US banking industry, gaining 9% in the last 24 hours and over 25% from Friday's lows. Remember that bitcoin was created in 2008 to respond...

14 Mar 2023

FXCM information and reviews
RoboForex information and reviews
MultiBank Group information and reviews
MultiBank Group
Libertex information and reviews
Vantage information and reviews
FP Markets information and reviews
FP Markets

© 2006-2023 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.