Binance USD (BUSD) Price Reaches $1.00 on Top Exchanges

Binance USD (BUSD) traded 0.1% lower against the dollar during the one day period ending at 7:00 AM ET on June 27th. Binance USD has a total market cap of $70.46 million and approximately $6.39 million worth of Binance USD was traded on exchanges in the last day. Over the last seven days, Binance USD has traded 0.1% lower against the dollar. One Binance USD token can currently be bought for $1.00 or 0.00001636 BTC on popular exchanges.

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

• KILT Protocol (KILT) traded 2.5% lower against the dollar and now trades at $0.20 or 0.00000333 BTC.
• 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 0.4% lower against the dollar and now trades at $0.0112 or 0.00000018 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Binance USD Profile

Binance USD was first traded on September 10th, 2019. Binance USD’s total supply is 70,511,448 tokens. The official website for Binance USD is www.binance.com/en/busd. Binance USD’s official Twitter account is @binance and its Facebook page is accessible here. The official message board for Binance USD is coinmarketcap.com/community/profile/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.”

Binance USD Token Trading

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

BUSD/USD price chart by TradingView