Binance USD (BUSD)

What Is Binance USD?
Binance USD is the cryptocurrency created by the Binance exchange platform together with Paxos financial service provider. BUSD coin value is backed up by the US dollar, which means it’s a stablecoin. BUSD is regulated by American financial laws and has been approved by the New York State Department of Financial Services.
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Binance USD
Binance USD is the cryptocurrency created by the Binance exchange platform together with Paxos financial service provider. BUSD coin value is backed up by the US dollar, which means it’s a stablecoin. BUSD is regulated by American financial laws and has been approved by the New York State Department of Financial Services.
What are the BUSD advantages?
Stability
Stability
As far as Binance USD price is always close to $1, this is a great investment instrument for short- and long-term storage of cryptocurrency. It can also be used for daily trading and cryptocurrency arbitrage with minimal risks and losses
Liquidity
Liquidity
BUSD can be exchanged for many other stablecoins and cryptocurrencies without limits. It’s present not only on Binance but on other exchange platforms, as well, being traded in pairs with many other crypto assets
Legality
Legality
Binance USD coin is regulated by American financial laws and complies with all applicable standards. The coin’s value is backed up by real fiat assets (USD), which means holders are unlikely to lose their funds
Zero fees
Zero fees
You can exchange BUSD for other stablecoins (PAX, USDC, TUSD) in a 1:1 ratio with zero commissions. Such swapping is available on Binance, Paxos, and other services. It makes crypto trading reliable and convenient
International
International
Even though Binance USD is widely used in the United States, it’s available on platforms around the world and can soon become a great tool for international payments and money transfers
Safety
Safety
Since BUSD is stored in a blockchain, hacking, and stealing of funds is almost impossible. Binance does its best to protect customers’ funds by taking the most advanced security and encryption measures
Binance USD (BUSD) Wallets
Binance USD Price (USD), 24h % Price and Volume
Binance USD Price
$ 1.00
24 Hours Price
- 0.06 %
24 Hours Volume
24 Hours Volume
$ 231 690 748
Binance USD news
BlockFi is raising interest rates on bitcoin and ether
Cryptocurrency lender BlockFi revealed it will raise interest rates on Bitcoin and Ether, effective April 1
ConsenSys, EY team up with Microsoft to build an Ethereum-based protocol for enterprise use cases
ConsenSys and Ernst & Young (EY) announced the two firms are developing a new Ethereum-based protocol, dubbed Baseline Protocol, in collaboration with Microsoft.
Most large cap cryptoassets are now negative for the year
With the recent market turmoil most large cryptoassets saw their year-to-date (YTD) returns turn negative. Bitcoin is now down 15.85% while Ethereum is down 0.95%.