Binance USD (BUSD) Price Tops $1.00

Binance USD (CURRENCY:BUSD) traded 0% lower against the U.S. dollar during the 1 day period ending at 20:00 PM ET on September 27th. In the last seven days, Binance USD has traded up 0% against the U.S. dollar. Binance USD has a market capitalization of $13.53 billion and $5.00 billion worth of Binance USD was traded on exchanges in the last 24 hours. One Binance USD coin can currently be bought for approximately $1.00 or 0.00002326 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

  • Chainlink (LINK) traded down 4% against the dollar and now trades at $23.45 or 0.00054520 BTC.
  • Polygon (MATIC) traded down 3.5% against the dollar and now trades at $1.10 or 0.00002575 BTC.
  • Polygon (MATIC) traded down 1.9% against the dollar and now trades at $1.10 or 0.00002557 BTC.
  • DREP (DREP) traded 21% lower against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded down 19.5% against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Dai (DAI) traded down 0.1% against the dollar and now trades at $1.00 or 0.00002325 BTC.
  • FTX Token (FTT) traded 5.3% lower against the dollar and now trades at $52.74 or 0.00122626 BTC.
  • THETA (THETA) traded down 1% against the dollar and now trades at $5.02 or 0.00011672 BTC.
  • PancakeSwap (CAKE) traded up 0.6% against the dollar and now trades at $18.66 or 0.00043395 BTC.
  • Crypto.com Coin (CRO) traded 0.1% higher against the dollar and now trades at $0.16 or 0.00000367 BTC.

Binance USD Coin Profile

Binance USD is a coin. It launched on September 10th, 2019. Binance USD’s total supply is 13,526,088,094 coins. The official website for Binance USD is www.paxos.com/busd. Binance USD’s official message board is medium.com/Paxos. Binance USD’s official Twitter account is @PaxosGlobal and its Facebook page is accessible here.

According to CryptoCompare, “Binance USD (BUSD) is a stable coin pegged to USD that has received approval from the New York State Department of Financial Services (NYDFS). BUSD will be available for direct purchase and redemption at a rate of 1 BUSD = 1 USD. Starting September 12, 2019, BUSD will be available on the Paxos platform for direct purchase and redemption 1:1 for U.S. dollars or PAX. Later in September it will become available on Binance.com for trading initially against BTC, BNB and XRP and more to come.  BUSD is now available for purchase and redemption on the Paxos platform. In order to get BUSD through Paxos, you need to be a verified customer. You can either deposit PAX or deposit dollars by wire from a bank account. “

Binance USD Coin Trading

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

new TradingView.widget( { “width”: 600, “height”: 400, “symbol”: “BUSDUSD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “Light”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “allow_symbol_change”: true, “referral_id”: “2588”} );

Receive News & Updates for Binance USD Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Binance USD and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.