Binance-Peg BUSD Price BUSD
About Binance-Peg BUSD (BUSD)
How does Binance USD (BUSD) Work?
The operation mechanism of Binance USD (BUSD) is similar to that of the mainstream stablecoin, and the target asset price is pegged to increasing the amount of reserves according to the number of tokens issued. When it is necessary to issue BUSD, the issuer will create an equivalent BUSD according to the amount of USD delivered by the investor and deliver it to the investor. The USD delivered by the investor will be deposited by Paxos as a reserve in Bank of America. When the investor needs to exchange US dollars, the issuer will deliver the corresponding amount of US dollars in the reserve to the investor according to the amount of BUSD delivered by the investor, and the corresponding amount of BUSD will be burnt/destroyed.BUSD is regulated by the New York State Department of Financial Services (NYDFS) and uses the SetLawEnforcementRole function in its operation, which enables Paxos to restrict illegal transactions in NYDFS regulated accounts. Once a criminal or fraudulent account is found, it will be immediately accessible to supervision.
What is Binance USD (BUSD)?
BUSD is a crypto stablecoin with value pegged to US dollars, which is not affected by market price fluctuations. Investors can exchange assets into stablecoins such as BUSD in time when the crypto market fluctuates violently, so as to ensure that the assets will not lose too much. However, stablecoins such as BUSD are relatively unsuitable for investment, because the possibility of obtaining large profits is low.BUSD can be circulated in ERC-20, Binance Smart Chain (BSC), and Binance Chain BEP2. Investors can use BUSD to trade, transfer, and pay on these three chains.
Binance USD (BUSD) Crypto Wallet
In addition to placing BUSD in the Gate.io exchange to facilitate trading, BUSD can also be placed in a crypto wallet.Binance-Peg BUSD (BUSD) Price Trends
Time period | Change amount | % Change |
|---|---|---|
| 1H | -$0.0004021 | -0.04% |
| 24H | $0.003005 | +0.3% |
| 7D | $0.0049 | +0.49% |
| 30D | $0.002206 | +0.22% |
| 1Y | $0.00649 | +0.65% |
Live Binance-Peg BUSD (BUSD) Price Update
Binance-Peg BUSD price today is $1.00 with a 24-hour trading volume of $6.05M, and as such Binance-Peg BUSD has a market cap of $369.50M, giving it a market dominance of 0.013%. The Binance-Peg BUSD price moved +0.3% in the last 24 hours.
Binance-Peg BUSD reached its highest price on 2023-10-23 when it was trading at its all-time high of $1.06, while its lowest price was recorded on 2023-11-21 when it was trading at its all-time low of $0.9542. The current lowest price since the last cycle high was $0.9542, and the highest price since the last cycle low was $1.06. The social sentiment of Binance-Peg BUSD is currently Neutral.
FAQs: Binance-Peg BUSD (BUSD) Price
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What is the highest price of Binance-Peg BUSD price in history?
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What is the current market cap of Binance-Peg BUSD?
How many Binance-Peg BUSD are there in the market?
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Binance-Peg BUSD Tokenomics
Binance-Peg BUSD Data Analysis
Fund Flow Percentage
Net Main Inflow
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Net Retail Inflow
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No record | ||
Fund Flow Analysis
Small Orders
Net Inflow ($)
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Medium Orders
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Large Orders
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Funds Flow Record
Transfer Time | Inflow ($) | Outflow ($) | Net Inflow ($) |
|---|---|---|---|
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Holding Distribution
| Top 5 Address | Total |
|---|---|
Others | 100.00% |
Binance-Peg BUSD (BUSD) News
SEC Ends BUSD Stablecoin Investigation Without Enforcement Action, Says Paxos
Stablecoin issuer Paxos said Thursday that the Securities and Exchange Commission has ended an investigation into its Binance-branded product.
Binance will end support for BUSD stablecoin in December
Many users' Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31.
Binance Will Cease Support for Its BUSD Stablecoin on Dec. 15
Binance said it will end support for its BUSD stablecoin on Dec. 15, following the exchange's August announcement that it would “gradually” do so after Paxos, the company that actually issued it, was ordered to stop minting the coin in February.
Binance to shut down BUSD lending by October 25
The move is part of a phased termination of BUSD support by February 2024.
Binance to Phase Out BUSD Support, ‘Encourages’ Users To Convert Into Other Stablecoins
The crypto exchange will gradually end support for its native stablecoin, after Paxos halted the minting of new BUSD.
Binance pushes new stablecoin as it confirms plan to cease BUSD support
Paxos has earlier said it will halt support of Binance's stablecoin by February 2024, now the exchange has said it will also stop support by that time.
Binance-Peg BUSD (BUSD) Announcements
MoreDate | Market Cap | Volume | Open | Close |
|---|---|---|---|---|
| 2024-09-20 | $368.67M | 6.08M BUSD | $1.00 | N/A |
| 2024-09-19 | $368.59M | 6.22M BUSD | $1.00 | $1.00 |
| 2024-09-18 | $368.22M | 4.73M BUSD | $1.00 | $1.00 |
| 2024-09-17 | $367.92M | 7.18M BUSD | $1.00 | $1.00 |
| 2024-09-16 | $368.02M | 9.52M BUSD | $1.00 | $1.00 |
| 2024-09-15 | $367.05M | 2.69M BUSD | $0.9984 | $1.00 |
| 2024-09-14 | $367.14M | 5.87M BUSD | $0.9985 | $0.9984 |
| 2024-09-13 | $367.89M | 6.67M BUSD | $1.00 | $0.9985 |