Binance USD Hits 1-Day Volume of $983.90 Thousand (BUSD)

Binance USD (BUSD) traded down 0% against the U.S. dollar during the 24-hour period ending at 9:00 AM Eastern on September 9th. In the last week, Binance USD has traded up 0.1% against the U.S. dollar. One Binance USD token can currently be purchased for about $1.00 or 0.00001259 BTC on major exchanges. Binance USD has a total market capitalization of $34.45 million and approximately $983.90 thousand worth of Binance USD was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• CateCoin (CATECOIN) traded 88.3% higher against the dollar and now trades at $0.0476 or 0.00000060 BTC.
• SolvBTC (SOLVBTC) traded up 1.4% against the dollar and now trades at $79,480.50 or 0.99929046 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Binance USD Token Profile

Binance USD launched on September 10th, 2019. Binance USD’s total supply is 34,415,677 tokens. The official message board for Binance USD is coinmarketcap.com/community/profile/busd. Binance USD’s official Twitter account is @binance and its Facebook page is accessible here. The official website for Binance USD is www.binance.com/en/busd.

According to CryptoCompare, “BUSD is a stablecoin issued by Paxos and supported by Binance. It is backed by U. S. dollar reserves held in insured U. S. banks, Treasury bills, and money market funds, and is regulated by the New York State Department of Financial Services. BUSD is issued on the Ethereum blockchain as an ERC-20 token and on the BNB Chain as a BEP-20 token, and can be used for hedging against volatility, stable price-pegging, remittances, crowdfunding, payments, lending, borrowing, and other financial services. Its value remains stable through fiat currency reserves, and traders can use arbitrage to bring it back to its peg if its price moves away from $1.”

Buying and Selling Binance USD

It is usually not possible to buy alternative cryptocurrencies such as Binance USD directly using U.S. dollars. Investors seeking to acquire Binance USD should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Binance USD using one of the exchanges listed above.

BUSD/USD price chart by TradingView