Binance USD (BUSD) is not tradable on Coinbase.
Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more
Binance USD
BUSD
About Binance USD
Binance USD (BUSD) is a stablecoin running on Ethereum. For stablecoins like BUSD, the company behind the protocol is responsible for holding reserves that fully back each token. The companies behind BUSD, Binance and Paxos, claim that each BUSD token is backed by and corresponds to one dollar held in traditional bank accounts. Note: Coinbase only supports BUSD on the Ethereum blockchain (ERC-20).
Resources
Binance USD (BUSD) is a digital fiat currency that is backed 1:1 by the US dollar. It was introduced on September 5, 2019, with the intention of merging the consistency of the dollar with the innovative technology of blockchain. BUSD is issued by a certain entity in collaboration with Paxos and is approved and regulated by the New York State Department of Financial Services (NYDFS). It is issued as an ERC-20 token and also supports BEP-2. The reserves backing BUSD are held in fiat cash in dedicated omnibus accounts at insured U.S. banks and/or are allocated to U.S. Treasury bills.
BUSD operates on the Ethereum blockchain and is issued by Paxos Trust Company in collaboration with a certain entity. It can be issued and redeemed without additional fees. This entity also offers a wrapped BUSD token (Entity-Peg) on BNB Chain. The reserves backing BUSD are held in either fiat cash in dedicated omnibus accounts at insured U.S. banks or are allocated to U.S. Treasury bills. As of June 30, 2022, 96% of the assets backing BUSD were held in cash and cash equivalents, while 4% were allocated to U.S. Treasury bills.
BUSD, with its price consistency, aims to play a crucial role in transactions, payments, settlement, and Decentralized Finance (DeFi). It aims to be transferred anywhere in minutes, in a cost-effective manner and on the blockchain. BUSD can be traded on various platforms and Decentralized Exchanges (DEX). It can be deposited for potential compensation, used as payment for goods and services, used as collateral and loan asset, used as cross collateral in Futures, and stored on a digital platform or in a wallet.
BUSD was introduced on September 5, 2019, by a certain entity in collaboration with Paxos. It was approved and regulated by the New York State Department of Financial Services (NYDFS). The BUSD ecosystem saw growth in 2021, with its market capitalization increasing from around US$1B at the start of the year to over US$14.6B by the end of the year. In April 2022, this entity allocated $2.5 million in BUSD through its charity organization to USA for UNHCR, a UN refugee agency, marking the agency’s first stablecoin crypto allocation.
Get up to $200 for getting started
Earn free crypto after making your first purchase. Terms apply.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Market
Market stats
Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more
$70.5M
$13.6M
70.5M BUSD
Not enough data
#541
$1.50
Market performance
-0.01%
-0.06%
+0.07%
+0.01%
+0.02%
+0.08%
Related Assets
Discover conversions
A selection of conversions from different assets to top cryptocurrencies.
A selection of conversions for different assets and currencies.
DEXT - PYG
DEXTools - Paraguayan Guaraní
SHPING - ZAR
SHPING - South African Rand
COMP - BTN
Compound - Bhutanese Ngultrum
ORCA - GGP
Orca - Guernsey Pound
INV - BSD
Inverse Finance - Bahamian Dollar
BNT - MRO
Bancor Network Token - Mauritanian Ouguiya
AIOZ - UYU
AIOZ Network - Uruguayan Peso
LPT - SDG
Livepeer - Sudanese Pound
SHDW - KHR
Shadow Token - Cambodian Riel
MATIC - XPD
Polygon - Palladium
SHIB - QAR
SHIBA INU - Qatari Riyal
SEI - TMT
Sei - Turkmenistani Manat
Trending assets
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
Popular cryptocurrencies
A selection of cryptocurrencies in the top 50 by market cap.
Comparable market cap
Of all the assets on Coinbase, these 12 are the closest to Binance USD in market cap.
Advanced trading
Here is a selection of spot and futures markets that people watch
Social
Some highlights about Binance USD on social media
298 unique individuals are talking about Binance USD and it is ranked #885 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Binance USD has an average sentiment score of 3 out of 5. Finally, Binance USD is becoming more newsworthy, with 0 news articles published about Binance USD. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Binance USD. There were 7.41% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Binance USD. 92.59% of tweets were neutral about Binance USD. These sentiments are based on 27 tweets.
On Reddit, Binance USD was mentioned in 9 Reddit posts and there were 17 comments about Binance USD. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Powered by LunarCrush
Overview
298 people
34 posts
0.01%
#885
3 out of 5