![]() ![]() Paxos launched the Pax Dollar (USDP) stablecoin in 2018 (initially called Paxos Standard Token) and now gives businesses the option to launch branded stablecoins, which is the service used by Binance to launch Binance USD. The Binance USD stablecoin is issued in partnership with United States-based cryptocurrency company Paxos. This is possible because Paxos holds sufficient reserves to back each BUSD token in circulation, and the tokens can be redeemed for actual USD. BUSD is available on the Ethereum blockchain as an ERC-20 token.īinance USD is pegged to the US dollar – this means that it’s designed to always trade as close to $1 as possible. In terms of market cap, Binance USD is currently ranked #4 in the Stablecoins sector and ranked #6 in the Ethereum (ERC20) Tokens sector.īinance USD (BUSD) is a stablecoin issued by Paxos and promoted by the Binance cryptocurrency exchange. ![]() The current yearly supply inflation rate is -76.42% meaning -13.41B BUSD were created in the last year. The highest BUSD price since the last cycle low was $ 1.072610 (cycle high).īinance USD's current circulating supply is 4.14B BUSD. The lowest price since it's ATH was $ 0.982127 (cycle low). ![]() The BUSD price decreased -0.01% in the last 24 hours.īinance USD reached its highest price on when it was trading at its all-time high of $ 1.108270, while Binance USD's lowest price was recorded on when it was trading at its all-time low of $ 0.979867. Binance USD price today is $ 1.000348 with a 24-hour trading volume of $ 4.84B, market cap of $ 4.14B, and market dominance of 0.35%. ![]()
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