Stable, secure, blockchain-based US dollar equivalent token.
BUSD is a USD-pegged stablecoin approved by NYDFS, issued by Paxos in partnership with Binance. It's used for trading and arbitrage.
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What is BUSD (BUSD)?
Binance USD (BUSD) is a stablecoin backed by fiat currency, representing a digital version of the US dollar and maintained on a 1:1 peg with USD. Approved by the New York State Department of Financial Services (NYDFS), it was launched in 2019 through a partnership between Paxos and Binance. Paxos acts as the custodian and issuer of BUSD, holding USD reserves that match the total supply of BUSD and providing regular audits to verify this reserve. To maintain its peg, Paxos burns BUSD tokens in exchange for fiat currency or mints new tokens when USD deposits are made. When BUSD trades below $1, arbitrageurs buy and redeem the tokens to restore the peg. BUSD exists on three blockchains: Ethereum, Binance Smart Chain (BSC), and Binance Chain, with bridge versions on other chains like Solana an...
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BUSD price live information
As of now, BUSD is trading at 1.0003 USD, with a 24-hour trading volume of approximately 134.41M USD. The BUSD to USD price is updated in real time. Over the past 24 hours, BUSD has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 57.81M USD. Currently, there are 57 792 668.004112 BUSD in circulation out of a maximum supply of 57 792 668.004112 BUSD.
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