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BUSD

Binance USD (BUSD) Price Index

$ 1.00 Ƀ 0.00001073
  • MarketCap
    $ 313,405,755
  • Volume
    $ 1,113,720
  • Change
    0.05%
binance-usdBUSD
$ 0.999204
$ 0.999204
0.19%
0,860569
BUSD
Binance USD (BUSD)
$ 1.00
BUSD
Binance USD (BUSD)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on May 01, 2023 | 3 min
Updated on Dec 11, 2023

Overview: What is Binance USD (BUSD) coin?

Binance USD (BUSD) coin is a stablecoin cryptocurrency created by prominent exchange Binance and Paxos Trust. BUSD is a stablecoin that is pegged to the US dollar, which means for every BUSD, there is a US dollar held in reserve by its creators.

 

Pegging cryptocurrencies to less volatile fiat assets like the dollar enables price stability, allowing the crypto coin to be used more reliably in payments and transfers.

What makes Binance USD unique?

BUSD competes with other stablecoins such as Tether (USDT) and USD Coin (USDC). Stablecoins allow fast transfer of digital assets but without the volatility of other cryptocurrencies like Bitcoin or Ethereum, the value of which can very quickly go up or down.

 

Binance USD  coin and its competitors are all designed to be exchanged at any point, each for one US dollar. Binance and Paxos launched BUSD in September 2019; BUSD uses Ethereum technology on the BNB Chain blockchain.

 

USD Coin (USDC) was also created by an exchange, Coinbase, collaborating with a technology company, whereas USDT was not created by a cryptocurrency exchange partnership.

 

How does Binance USD (BUSD) work?

The supply of BUSD matches exactly its equivalent backing in US dollars. For every BUSD in circulation, Binance and Paxos must keep one fiat dollar in reserve. To overcome common industry concerns about the transparency of stablecoin reserves, BUSD reserves are independently audited on a regular basis.

How Binance USD (BUSD) price is determined?

Binance USD price should always be equivalent to one US dollar. As a stablecoin, Binance value in USD should not change with supply and demand. Binance USD price today should be $1, and a Binance USD price prediction should always expect a $1 value. Binance USD price prediction 2030, for example, will be exactly the same as at any other time. Stablecoins aren’t created for investors to accumulate wealth; instead, they enable digital transactions.

 

If you look at a Binance USD price chart or the price chart for another stablecoin, you might see slight variations in Binance USD price because stablecoins can be somewhat subject to exchange liquidity and can occasionally become un-pegged from their fiat backing.

What Is BUSD Used For?

BUSD can be used by investors or traders on exchanges when they want to keep money digitally but know the exact value. It can then be exchanged for other more volatile cryptocurrencies as required. BUSD can also be used in DApps and DeFi projects to transfer value, make payments for loans, and to earn rewards.

Where do you buy BUSD?

As a popular stablecoin, BUSD can be bought, sold, and traded on most major cryptocurrency exchanges. As it’s created by Binance and Paxos, it’s frequently bought on the Binance cryptocurrency exchange.

 

FAQs

How does Binance USD gain value?

Binance USD is not designed to gain or lose value. As a stablecoin, BUSD should always be exchangeable 1:1 with the US dollar. Binance USD price should not change. Does Binance USD have a future?

BUSD is a popular USD-backed stablecoin that has been approved by the New York State Department of Financial Services (NYDFS). Binance and Paxos are working on making BUSD usable on more platforms and in more blockchain projects. BUSD and the Binance Smart Chain are compatible with Ethereum technology supporting smart contracts, so it is a popular coin of choice for DApp payments and transfers.

Is Binance USD Safe?

Stablecoins don’t have the volatility of other cryptocurrencies, so usually, their value should not plummet, losing your investment. However, there can still be risks with stablecoins, such as fiat reserves not being sufficient if there’s a run on the market or if they are subject to a hack or major technical issue.

Why is BUSD so popular?

BUSD is a popular stablecoin and has gained some traction due to its connection with the Binance exchange and Paxos and its use of Ethereum technology.

 

Is Binance USD a good investment?

Binance USD price is pegged to the value of the US dollar, so it’s not meant to be an investment mechanism and won’t accumulate value.

 

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
bitcoinBitcoin
$ 93,535.00
$ 93,535.00
2.08%
mezo-wrapped-btcMezo Wrapped BTC
$ 93,470.00
$ 93,470.00
3.29%
osmosis-allbtcOsmosis allBTC
$ 93,324.00
$ 93,324.00
2.6%
near-intents-bridged-btcNEAR Intents Bridged BTC
$ 92,204.00
$ 92,204.00
0.63%
bitcoin-second-chanceBitcoin Second Chance
$ 0.121158
$ 0.121158
11.78%
bitcoin-baseBitcoin Base
$ 0.02266
$ 0.02266
4.18%
bitcoin-ai-2Bitcoin AI
$ 0.004354
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3.66%
bobby-the-cat-2Bobby The Cat
$ 0.000006
$ 0.000006
0.15%
batcatbatcat
$ 0.000022
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1.69%
big-tom-coinBig Tom Coin
$ 0.000012
$ 0.000012
0%
bobby-the-catBobby The Cat
$ 0.000008
$ 0.000008
0%
ethereumEthereum
$ 3,198.59
$ 3,198.59
3.06%
bridged-wrapped-ether-starkgateBridged Ether (StarkGate)
$ 3,199.30
$ 3,199.30
3.28%
osmosis-allethOsmosis allETH
$ 3,192.98
$ 3,192.98
3.07%
near-intents-bridged-ethNEAR Intents Bridged ETH
$ 3,182.48
$ 3,182.48
2.68%
the-ticker-is-ethThe Ticker Is ETH
$ 0.000028
$ 0.000028
0.3%
tetherTether
$ 0.999449
$ 0.999449
0.03%
cronos-bridged-usdt-cronosCronos Bridged USDT (Cronos)
$ 0.999015
$ 0.999015
0.02%
bridged-tether-opbnbopBNB Bridged USDT (opBNB)
$ 0.997749
$ 0.997749
0.13%
bridged-tether-lineaLinea Bridged USDT (Linea)
$ 0.998839
$ 0.998839
0.02%
l2-standard-bridged-usdt-baseL2 Standard Bridged USDT (Base)
$ 0.998376
$ 0.998376
0.02%
injective-bridged-usdt-injectiveInjective Bridged USDT (Injective)
$ 0.99947
$ 0.99947
0.64%
bridged-tether-scrollScroll Bridged USDT (Scroll)
$ 1.01
$ 1.01
0.59%
polygon-hermez-bridged-usdt-x-layerPolygon Hermez Bridged USDT (x Layer)
$ 0.99947
$ 0.99947
0.04%
kucoin-bridged-usdt-kucoin-community-chainKCC Bridged USDT (Kucoin Community Chain)
$ 1.02
$ 1.02
1.58%
bridged-tether-starkgateStarkGate Bridged USDT (StarkNet)
$ 0.998687
$ 0.998687
0.04%
abstract-bridged-usdt-abstractAbstract Bridged USDT (Abstract)
$ 0.999145
$ 0.999145
0.12%
tether-pulsechainPulsechain Bridged USDT (Pulsechain)
$ 1.00
$ 1.00
1.17%
morph-l2-bridged-usdt-morph-l2Morph L2 Bridged USDT (Morph L2)
$ 0.999465
$ 0.999465
0.04%
gnosis-xdai-bridged-usdt-gnosisxDai Bridged USDT (Gnosis)
$ 0.998686
$ 0.998686
0.02%
sophon-bridged-usdt-sophonSophon Bridged USDT (Sophon)
$ 0.999691
$ 0.999691
0.01%
stargate-bridged-usdtStargate Bridged USDT
$ 0.998889
$ 0.998889
0.05%
celer-bridged-usdt-confluxCeler Bridged USDT (Conflux)
$ 0.999501
$ 0.999501
0.05%
hashkey-bridged-usdt-hashkeyHashKey Bridged USDT (HashKey)
$ 0.99947
$ 0.99947
0.04%
xone-bridged-usdt-xoneRainLink Bridged USDT (Xone)
$ 0.999476
$ 0.999476
0.04%
kaia-bridged-usdt-kaiaWormhole Bridged USDT (Kaia)
$ 0.999422
$ 0.999422
0.07%
bridged-usdt-coreCoreDAO Bridged USDT (Core)
$ 0.997291
$ 0.997291
0.26%
near-intents-bridged-usdtNEAR Intents Bridged USDT
$ 0.999811
$ 0.999811
0.18%
layerzero-bridged-usdt-etherlinkEtherlink Bridged USDT (Etherlink)
$ 0.999285
$ 0.999285
0.07%
sonic-bridged-usdt-sonicSonic Gateway Bridged USDT (Sonic)
$ 0.999358
$ 0.999358
0.03%
polygon-hermez-bridged-usdt-polygon-zkevmPolygon Hermez Bridged USDT (Polygon zkEVM)
$ 0.994801
$ 0.994801
0.43%
tac-bridged-usdt-tacTAC Bridged USDT (TAC)
$ 0.999504
$ 0.999504
0.04%
osmosis-allusdtOsmosis allUSDT
$ 0.998938
$ 0.998938
0%
celer-bridged-usdt-astarCeler Bridged USDT (Astar)
$ 1.00
$ 1.00
0.78%
redbelly-bridged-usdt-redbellyReddex Bridged USDT (Redbelly)
$ 0.999394
$ 0.999394
0.03%
thundercore-bridged-usdt-thundercoreThundercore Bridged USDT (Thundercore)
$ 1.00
$ 1.00
0.05%
lisk-bridged-usdtLisk Bridged USDT (Lisk)
$ 0.998575
$ 0.998575
0.15%
symbiosis-bridged-usdt-bahamutSymbiosis Bridged USDT (Bahamut)
$ 0.999249
$ 0.999249
2.74%
units-network-bridged-usdt-units-networkUnit Zero Network Bridged USDT (Unit Zero Network)
$ 0.999435
$ 0.999435
0.24%
zircuit-bridged-usdt-zircuitZircuit Bridged USDT (Zircuit)
$ 0.999432
$ 0.999432
0.69%
mode-bridged-usdt-modeMode Bridged USDT (Mode)
$ 1.00
$ 1.00
0.05%
soneium-bridged-usdt-soneiumSoneium Bridged USDT (Soneium)
$ 0.996566
$ 0.996566
0.01%
bob-network-bridged-usdt-bob-networkBOB Network Bridged USDT (BOB Network)
$ 0.999434
$ 0.999434
0.04%
beam-bridged-usdt-beamBeam Bridged USDT (Beam)
$ 0.99554
$ 0.99554
0.26%
shimmerbridge-bridged-usdt-shimmerevmShimmerBridge Bridged USDT (ShimmerEVM)
$ 0.999417
$ 0.999417
0.03%
unichain-bridged-usdt-unichainUnichain Bridged USDT (Unichain)
$ 0.997366
$ 0.997366
0%
bridged-tether-fuseFuse Bridged USDT (Fuse)
$ 0.974587
$ 0.974587
1.9%
nova-tether-usdNova Merged USDT (zkLink)
$ 0.999199
$ 0.999199
0%
viction-bridged-usdtArken Bridged USDT (Viction)
$ 0.999447
$ 0.999447
0.03%
pundi-aifx-omnilayer-bridged-usdt-pundi-aidx-omnilayerPundi AIFX Omnilayer Bridged USDT (Pundi AIFX Omnilayer)
$ 0.983698
$ 0.983698
1.54%
areon-bridged-usdt-areon-networkAreum Bridged USDT (Areum Network)
$ 0.994995
$ 0.994995
0.01%
taraxa-bridged-usdt-taraxaFicus Root Bridged USDT (Taraxa)
$ 0.999447
$ 0.999447
0.08%
usd-coinUSDC
$ 0.99967
$ 0.99967
0.01%
binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain)
$ 0.999681
$ 0.999681
0%
bridged-usd-coin-starkgateStarkGate Bridged USDC (Starknet)
$ 0.999641
$ 0.999641
0.01%
cronos-bridged-usdc-cronosCronos Bridged USDC (Cronos)
$ 1.00
$ 1.00
0.07%
bridged-usd-coin-lineaLinea Bridged USDC (Linea)
$ 1.00
$ 1.00
0.09%
bridged-usd-coin-scrollBridged USD Coin (Scroll)
$ 0.999698
$ 0.999698
0.1%
mantle-bridged-usdc-mantleMantle Bridged USDC (Mantle)
$ 1.00
$ 1.00
0.25%
zksync-bridged-usdc-zksynczkSync Bridged USDC (zkSync)
$ 0.999716
$ 0.999716
0%
gnosis-xdai-bridged-usdc-gnosisGnosis xDAI Bridged USDC (Gnosis)
$ 0.999703
$ 0.999703
0.01%
layerzero-bridged-usdc-etherlinkEtherlink Bridged USDC (Etherlink)
$ 0.999691
$ 0.999691
0.01%
ccip-bridged-usdc-roninCCIP Bridged USDC (Ronin)
$ 0.999114
$ 0.999114
0.22%
usd-coin-pulsechainBridged USD Coin (PulseChain)
$ 0.99552
$ 0.99552
0.46%
polygon-hermez-bridged-usdc-x-layerPolygon Hermez Bridged USDC (X Layer)
$ 1.01
$ 1.01
1.15%
saga-bridged-usdc-sagaSquid Bridged USDC (Saga)
$ 0.999188
$ 0.999188
0.04%
initia-bridged-usdc-initiaInitia Bridged USDC (Initia)
$ 0.99971
$ 0.99971
0.01%
sx-rollup-bridged-usdc-sx-rollupSX Rollup Bridged USDC (SX Rollup)
$ 0.99971
$ 0.99971
0.01%
near-intents-bridged-usdcNEAR Intents Bridged USDC
$ 0.994541
$ 0.994541
0.51%
layerzero-bridged-usdc-aptosLayerZero Bridged USDC (Aptos)
$ 0.99721
$ 0.99721
0.25%
multichain-bridged-usdc-fantomMultichain Bridged USDC (Fantom)
$ 0.021142
$ 0.021142
0.32%
wanchain-bridged-usdc-cardanoWanchain Bridged USDC (Cardano)
$ 1.00
$ 1.00
0.06%
taiko-bridged-usdc-taikoTaiko Bridged USDC (Taiko)
$ 1.00
$ 1.00
0.42%
celer-bridged-usdc-astarCeler Bridged USDC (Astar)
$ 0.999713
$ 0.999713
0.01%
sophon-bridged-usdc-sophonSophon Bridged USDC (Sophon)
$ 0.99971
$ 0.99971
0.01%
bridged-usdc-immutable-zkevmBridged USDC (Immutable zkEVM)
$ 1.00
$ 1.00
0.25%
rainbow-bridged-usdc-auroraRainbow Bridged USDC (Aurora)
$ 1.00
$ 1.00
0.09%
rollux-bridged-usdc-rolluxRollux Bridged USDC (Rollux)
$ 0.9998
$ 0.9998
0%
cronos-zkevm-bridged-usdc-cronos-zkevmCronos zkEVM Bridged USDC (Cronos zkEVM)
$ 0.99971
$ 0.99971
0.01%
bridged-usd-coin-manta-pacificBridged USD Coin (Manta Pacific)
$ 0.999211
$ 0.999211
0.05%
kucoin-bridged-usdc-kucoin-community-chainKCC Bridged USDC (KuCoin Community Chain)
$ 1.03
$ 1.03
1.04%
polygon-hermez-bridged-usdc-polygon-zkevmPolygon Hermez Bridged USDC (Polygon zkEVM)
$ 0.999377
$ 0.999377
0.04%
morph-l2-bridged-usdc-morph-l2Morph L2 Bridged USDC (Morph L2)
$ 0.995807
$ 0.995807
0.14%
eclipse-bridged-usdc-eclipseEclipse Bridged USDC (Eclipse)
$ 0.999799
$ 0.999799
0.02%
celer-bridged-usdc-confluxCeler Bridged USDC (Conflux)
$ 0.957011
$ 0.957011
3.06%
bifrost-bridged-usdc-bifrostBifrost Bridged USDC (Bifrost)
$ 0.999593
$ 0.999593
0.02%
beam-bridged-usdc-beamBeam Bridged USDC (Beam)
$ 0.997428
$ 0.997428
0.16%
synapse-bridged-usdc-elastosSynapse Bridged USDC (Elastos)
$ 1.03
$ 1.03
2.6%
bridged-usdc-coreCoreDAO Bridged USDC (Core)
$ 0.999749
$ 0.999749
0.05%
mode-bridged-usdc-modeMode Bridged USDC (Mode)
$ 0.999714
$ 0.999714
0%
zero-network-bridged-usdc-zero-networkZero Network Bridged USDC (Zero Network)
$ 0.999702
$ 0.999702
0%
mantra-bridged-usdc-mantraMantra Bridged USDC (Mantra)
$ 0.999714
$ 0.999714
0%
official-arbitrum-bridged-usdc-arbitrum-novaArbitrum Bridged USDC (Arbitrum Nova)
$ 1.01
$ 1.01
0.59%
hyperlane-bridged-usdc-mantra-evmHyperlane Bridged USDC (Mantra EVM)
$ 0.999809
$ 0.999809
0.01%
force-bridge-usdcBridged USD Coin (Force Bridge)
$ 0.995255
$ 0.995255
0%
nomad-bridged-usdc-moonbeamNomad Bridged USDC (Moonbeam)
$ 0.154905
$ 0.154905
9.17%
ima-bridged-usdc-skaleSkale IMA Bridged USDC (Skale)
$ 0.999714
$ 0.999714
0.01%
celer-bridged-usdc-filecoinCeler Bridged USDC (Filecoin)
$ 0.986332
$ 0.986332
1.03%
fraxtal-bridged-usdc-fraxtalFraxtal Bridged USDC (Fraxtal)
$ 0.999723
$ 0.999723
0%
symbiosis-bridged-usdc-bahamutSymbiosis Bridged USDC (Bahamut)
$ 0.9998
$ 0.9998
0.01%
edu-chain-bridged-usdc-edu-chainArbitrum Bridged USDC (EDU Chain)
$ 0.999713
$ 0.999713
0.03%
wormhole-bridged-usdc-fantomWormhole Bridged USDC (Fantom)
$ 0.131182
$ 0.131182
0.42%
thundercore-bridged-usdc-thundercoreThundercore Bridged USDC (Thundercore)
$ 0.992845
$ 0.992845
0.68%
nova-usdczkLink Nova Merged Bridged USDC (zkLink Nova)
$ 1.00
$ 1.00
0%
shido-bridged-usdcShido Bridged USDC (Shido)
$ 0.999713
$ 0.999713
0%
bridged-usdc-chainportChainport Bridged USDC (Humanode)
$ 0.999713
$ 0.999713
0.01%
q-bridged-usdc-q-mainnetQ Bridged USDC (Q Mainnet)
$ 0.907655
$ 0.907655
9.27%
superseed-bridged-usdc-superseedSuperseed Bridged USDC (Superseed)
$ 0.999697
$ 0.999697
0.26%
sanko-bridged-usdc-sankoSanko Bridged USDC (Sanko)
$ 0.951225
$ 0.951225
2.95%
celer-bridged-usdc-oasysCeler Bridged USDC (Oasys)
$ 0.942703
$ 0.942703
0%
multichain-bridged-usdc-moonbeamMultichain Bridged USDC (Moonbeam)
$ 0.025625
$ 0.025625
4.63%
energi-bridged-usdc-energiEnergi Bridged USDC (Energi)
$ 0.999714
$ 0.999714
0.01%
multichain-bridged-usdc-dogechainMultichain Bridged USDC (Dogechain)
$ 0.043493
$ 0.043493
4.59%
cardanoCardano
$ 0.405756
$ 0.405756
3.26%