Binance USD (BUSD) Trading Down 0.1% Over Last Week

Binance USD (BUSD) traded down 0% against the US dollar during the 24-hour period ending at 15:00 PM ET on June 28th. Binance USD has a total market cap of $70.44 million and $5.79 million worth of Binance USD was traded on exchanges in the last day. One Binance USD token can now be purchased for approximately $1.00 or 0.00001657 BTC on exchanges. Over the last seven days, Binance USD has traded 0.1% lower against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• KILT Protocol (KILT) traded down 3.1% against the dollar and now trades at $0.21 or 0.00000345 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 1.2% higher 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 0.6% higher against the dollar and now trades at $0.0113 or 0.00000019 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Binance USD Token Profile

Binance USD’s genesis date was September 10th, 2019. Binance USD’s total supply is 70,511,448 tokens. Binance USD’s official Twitter account is @binance and its Facebook page is accessible here. Binance USD’s official message board is coinmarketcap.com/community/profile/busd. 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.”

Binance USD Token Trading

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

BUSD/USD price chart by TradingView