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Binance USD price, market cap on Coin360 heatmap

Binance USD(BUSD)

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$1.0007
(0.13%)
0.00004324 BTC
Market Cap (Rank#6)
$17,764,358,885
767,671 BTC
Vol 24h
$1,980,890,713
85,602 BTC
Circulating Supply
17,751,302,895
Max Supply
669,701,881
5 days agocryptodaily
Nimbus Platform Launched the First Ever Financial Derivative Product on the Blockchain in its DeFi Platform
Manama, Bahrain: Nimbus Platform IO has launched the second iteration of its n-NFT as a structured financial derivative product. The launch of updated n-NFT is referred to as Smart Staker n-NFT in the constellation of Nimbus Platform Dapps and products. The first Nimbus n-NFT was launched in late December 2021. The Nimbus Platform n-NFTs are the first ever structured financial derivative using digital assets in Decentralized Finance (DeFi) in the world. The Smart-Staker n-NFT is a portfolio-enhancing tool that’s a yield-generating hedge against price fluctuations that also offers structural diversification as the yield generation is derived from four different Dapps activities. Previous to launching Smart Staker n-NFT, Nimbus launched Smart LP n-NFT focused on lending, liquidity providing, and LP staking using dApps and other tools on the Platform. The second-generation n-NFT was introduced to improve user-friendliness and solve users’ needs. Smart Staker n-NFT includes a yield-generating mechanism, which allows holders to receive rewards from the best Staking options. The threshold set for Smart Staker n-NFT is 1BNB or 200 BUSD. Once the NFT is minted, the underlying assets are automatically attached to the Smart Staker, sending them to two revenue streams — Soft Staking and CAKE-BNB LP Staking. In terms of rewards, the user will receive: 60% APY on NBU and GNBU Soft Staking (35% share each) - rewards accrued in NBU Up to 40% APY on CAKE-BNB LP Staking (30% share) - rewards accrued in CAKE The rewards generated by the Smart Staker accrue in real-time and can be withdrawn at any time, even if the NFT remains vested for 30 days. This unique and first-of-its-kind financial product – Nimbus’s n-NFT allows mitigating risks, offering optimal yield, without paying extra gas fees, and the n-NFTs can be exchanged through the P2P dApp of Nimbus Platform. For native governance token (NBU and GNBU) holders, the introduction of n-NFTs contributes to the rise in the tokens' value. As liquidity grows, the Platform’s native tokens become more stable. About Nimbus Platform: Nimbus Platform is the first global regulated DeFi institution under the supervision of the central bank. The company offers a wide range of services and products in DeFi and digital assets; with two offices, a headquarter in Manama, Bahrain; and Miami, in the United States. The company’s mission is to expand access to financial tools and literacy through the leveraging of innovative solutions in the digital asset and cryptocurrency space. Nimbus platform is a well-known player in the crypto space that boasts reliability and efficiency. For more information about its innovative products and yielding options, visit the website. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
6 days agocryptodaily
Metadoro: USDC is Gaining Strength to Outpace Tether
USD Coin from Circle, a technology company that develops peer-to-peer payments, is improving its positions as a leading stablecoin. Its market cap rose from $40 billion at the beginning of 2022 to almost $55 billion at the end of July. More importantly, USDC is replacing the number one stablecoin by market cap USDT (Tether) by number of daily transactions. The USDC is now largely considered to be the best safe haven stablecoin to secure digital savings. USDC is used in 52.5% of overall daily transactions though Ethereum blockchain while Tether holds the second place with the share of 21.4%. USDC surpassed USDT by the number of transactions in late June, and it is still gaining momentum. Investors are scraping their saving in USDT and DAI in favor of USDC. Circle’s mobile payment platform allows users to hold, send, and receive fiat currencies. The company is licensed in New York State in the United States and in the United Kingdom. The company is rumored to have close relations with Goldman Sachs, Coinbase, and also with some large U.S. banks and regulators. Meanwhile, the market cap of USDT deteriorated from around $80 billion at the beginning of 2022 to $65.8 by the end of July or about 42.7% of the overall stablecoin supply. Arcane Research recently forecasted that USDC may outpace Tether by market cap this October. The cryptomarket was rocked by LUNA native coin distress as UST algorithmic stablecoin backed by LUNA plunged almost to zero in May. Even now the $154.3 billion stablecoin market has not completely recovered as it lost 18.8% of its overall capitalisation in the second quarter of 2022. The International Monetary fund (IMF) has warned that the cryptomarket may face further selling pressure and more failures of coin offerings, including stablecoins. “We could see further selloffs, both in crypto assets and in risky asset markets, like equities,” Director of Monetary and Capital Markets of the IMF, Tobias Adrian said. A possible recession may largely contribute to a deeper deterioration of crypto assets, according to Adrian. Indeed, the cryptomarket, along with other risky assets, has started to suffer as major central banks like the Federal Reserve (Fed) and the European Central Bank (ECB) have started to withdraw liquidity from markets in order to bring record inflation under control. The Fed has recently made another sharp action to raise its interest rates by three quarters of a percent to 2.5%, and it is unlikely to stop, although its front man Jerome Powell has said the Fed will closely monitor incoming data to make its next interest rates decision in September. However, he has not ruled out that another 75 or even 100 basis-point hike is possible. So, monetary conditions are clearly not in favour of the cryptomarket. The Bitcoin charts signal prices may continue to go down after a possible breakthrough of $19,000 per coin. The next stop for the major cryptocurrency is at $15,000. But eventually it could go even lower to $10,000, or even to the extreme $6,000 per coin. So, it is not a proper time for the short-term investments in the cryptomarket since the bottom of the downside cycle has not yet been reached. It is likely that proper entry points may emerge in October when the Fed is likely to send out a bold signal about further interest rate hikes, while fears over a recession in the United States, or Europe may become a reality. For the long run, some investments could be made in leading stablecoins with a diversification to other cryptocurrencies other then USDC coin. The best option would be a selection of stablecoins like Binance USD, USDD and, may be some other from the leaders of the market. Anyway, the dynamics of the risky assets represented by the Nasdaq 100 index and Fed actions. Guidance should also be closely monitored to locate the best opportunities to invest in crypto assets. Actions of large investment institutions could be another source to look for suggestions on such investments. Nevertheless, such investments are considered to be highly risky and should be exercised with minor funds and an understanding that they could be lost completely. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
11 days agocryptodaily
Binance Token (BNB) Investors Are Purchasing Gnox (GNOX) Presale With (BUSD) On Binance Smart Chain (BSC)
Binance investors are one of the most powerful and wealthy groups of crypto holders, and they play a major role in influencing the price. Recently, the attention of Binance investors has been drawn to Gnox, an emerging DeFi project with huge potential. Why do BNB investors invest in Gnox and what gives them the confidence to add the token to their portfolio? Largest market players: BNB Whales BNB investors are among the biggest market participants right now and have a big influence on market trends. Over the past few months, the proportion of Binance Coin investors holding 100,000 or more BNB has increased by 84.6 percent. It is obvious why BNB investors' choice merits consideration. According to data from WhaleStats, Gnox has been on the list of coins that BNB investors have been purchasing. BNB investors have consistently placed their faith in DOGE. Their holdings consist of 28.82% of the meme cryptocurrency. Although DOGE has a lot of potential, it is a relatively old project, and in an effort to drive up the price of Gnox, BNB investors are spending a lot of time discussing it. What is the idea behind Gnox (GNOX)? Gnox is a ground-breaking reflection token that operates on top of BSC and offers yield farming as a service. It aims to offer investors a streamlined DeFi platform to make it simple for their holders to generate passive income. To make the rewarding system function, Gnox levies a 10% royalty fee on each sale of their tokens. A sizable portion of tax revenue supports the treasury and ensures its expansion, and a portion is distributed to investors as a perk. The project's main objective is to make it simple for new investors to work with DeFi and generate passive returns. One percent of the total amount of each Gnox payment is distributed among their holders hourly. With a final release scheduled for mid-August, Gnox is currently in the pre-sale stage. Even as the bear market persists, the cost of this ground-breaking project has increased by 63 percent. The outstanding performance gave BNB whales the assurance they needed to increase their holdings of Gnox Learn more about Gnox: Join Presale: https://presale.gnox.io/register Website: https://gnox.io Telegram: https://t.me/gnoxfinancial Discord: https://discord.com/invite/mnWbweQRJB Twitter: https://twitter.com/gnox_io Instagram: https://www.instagram.com/gnox.io Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
26 days agocryptodaily
3 Cryptos That Could Help You Become A Millionaire: Gnox (GNOX), Kava (KAVA) And Loopring (LRC)
The dream of becoming a millionaire is not as far off as many people think. Crypto is developing at an astonishing rate, and blockchain technology will power the future. Protocols addressing unique verticals are created every day; future millionaires will be those who spot a promising protocol early on and make an investment. This article features three crypto projects with vast potential that could go on to create millionaires. Gnox (GNOX)First is Gnox, and it is featured first because of the development stage of the protocol. In its second presale stage, investors have the chance to join this protocol at the very beginning and make the entire journey with Gnox. Presales have been the greatest creator of wealth within the crypto sphere, with investors buying the token before it launches on the open market and essentially acting as venture capitalists. Gnox brings simplicity to Defi (decentralised finance) earnings and makes generating yield accessible to everyone. This reflection token is trailblazing a new form of investment by making it as simple as possible to participate in DeFi. GNOX holders will receive an hourly distribution of GNOX tokens and a monthly stablecoin reflection from the protocol’s treasury that is deployed in DeFi to generate yields for investors. Both earning angles are made possible by GNOX’s buy and sell tax tokenomics, and the developers have hard-built a protocol for long-term investors.Kava (KAVA)Kava is a fascinating project that uses its Tendermint consensus engine to bridge two chains making this project one of the first in the crypto sphere to utilise co-chain architecture. Building on the vast ecosystem of Ethereum and its solidity coding language and introducing the scalability of the Cosmos network, Kava has created a unique ultra-scalable layer one protocol designed for developers. The Kava protocol facilitates permissionless lending and borrowing and currently features a supply APR of 25.96% for BUSD, one of the most prolific stablecoins in the crypto sphere. Due to its co-chain architecture, the Kava protocol allows users to borrow unique digital assets not available on other DeFi lending protocols. The potential for growth within the Kava network is obscene. Loopring (LRC)Loopring has become one of the most hyped crypto projects within the community for a good reason. Loopring is a layer two scaling solution bringing ZK-Rollups (Zero-Knowledge Rollups) to the Ethereum network. The Ethereum network is the powerhouse of DeFi, with all the major protocols being built on it, but it suffers painfully slow transaction speed and super high gas fees. Loopring allows market participants to trade assets across Ethereum exchanges without paying Ethereum gas fees. It is an infrastructure built on top of the Ethereum network to reduce network congestion and makes trading digital assets within the ecosystem faster, cheaper, and far more efficient. Find Out More Here:Join Presale: https://presale.gnox.io/registerWebsite: https://Gnox.ioTelegram: https://t.me/gnoxfinancialDiscord: https://discord.com/invite/mnWbweQRJBTwitter: https://twitter.com/gnox_io Disclaimer: This is a sponsored pressrelease andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
40 days agocryptodaily
LYOTRADE Launches Crypto Loans—Get USDT and Win Against Volatility
We have seen the launch of a new service: Loans made with cryptocurrencies. Who is offering this? The LYOTRADE crypto exchange! LYOTRADE is part of the LYOPAY ecosystem, a name that is making its way into the fintech industry. With the vision of making cryptocurrencies easily spendable and usable, this project releases products and features to use them. When it comes to loans, it is still a novelty to see them with cryptocurrencies and not from a typical bank. Yet, they do exist, and they can be the solution to earn from the tokens that we hold, and also to obtain stable coins as USDT, for trading or selling. The crypto loans on LYOTRADE arise from the partnership with CoinRabbit. CEO Vlad Sirmons said: "We at CoinRabbit are convinced that cryptocurrency should become an everyday tool for everyone, so we are happy to help the LYO ecosystem with our lending solution to achieve these goals as soon as possible." How do crypto loans work? The concept of this service is simple: We crypto enthusiasts have cryptocurrencies to hold and others to trade. We keep those that hold for the long term. Crypto loans are a way to make these cryptocurrencies available for a period of time, and then take them back at the end of the loan. Why do this? Because in exchange for this borrowing, you are given stable USDT, USDC, and BUSD coins that you can use as you wish. You can trade or sell them directly. You pay a monthly fee, which is low. Adding and subtracting them from your earnings, the result will be positive. Loan-to-value The percentage rate ranges from 12% to 16% annually. This interest is calculated monthly and included in the repayment amount. The loan-to-value (LTV) is set at 50% or 70%. LYOTRADE then gives 50% or 70% of the collateral value as a loan. This allows user risk to be minimized and offers protection from the stark volatility of collateral prices. If the price of your collateral rises, you will receive back the amount you borrowed in the initial currency, plus you will have received the stable coins. You can close the loan at any time. If the price falls, the collateral currency reaches the liquidation level, the collateral will be automatically liquidated, and the loan will be closed. Get your crypto loan at: https://crypto-loan.lyotrade.com/ Telegram: https://t.me/lyopay Twitter: https://twitter.com/lyopayofficial Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
42 days agocryptopotato
Binance USD (BUSD): Fully-Backed and Regulated Stablecoin
Cryptocurrencies are risk assets, and the recent market crash shows how volatile they can be. While crypto assets are now more popular than ever, many investors are still skeptical about joining the industry, considering the unpredictable nature of the market. The first stablecoin was launched in 2014 to minimize the volatility of crypto assets. Since […]
43 days agocryptodaily
Harmony Trying To Win Back Stolen Funds, CEO Explains Attack
Harmony Protocol has offered a $1 million bounty for a return of stolen funds and any information regarding the hack that attacked the protocol last week. Fund Return Request Promises No Charges The Harmony team has offered the bounty for the return of the $100 million worth of altcoins stolen from the hack of the Horizon bridge last week, claiming that it will not press any criminal charges against the perpetrators. The call is also for sharing further information on how the hack happened. So far, the team has been able to deduce that the hackers were able to compromise private keys and gain access. The team tweeted, “We commit to a $1M bounty for the return of Horizon bridge funds and sharing exploit information…Harmony will advocate for no criminal charges when funds are returned.” The hack targeted altcoins like Frax, Wrapped ETH, Aave, SushiSwap, Frax Share, AAG, Binance USD, Dai, Tether, Wrapped BTC, and USD Coin. Tokens worth $100 million were channeled into one wallet, and swapped for ETH on Uniswap. Crypto Community Calls Out Lowball Offer However, the disproportionate bounty amount has taken the crypto community by surprise. The consensus among the masses is that the offered $1 million is just a drop in the ocean for the return of a $100 loot amount. The Twitter community believes that the offer amount should be much higher to be seriously considered. Some Twitter users responded to the announcement with - “Didnt they take about 100 million? What the h*ll is 1 million gonna do?” “Really? Only 1M out of 100M? I feel like you gotta offer at least 8M to be taken seriously.” “I doubt 1m will suffice the hacker, might need to up for and hope they answer.” How Was The Bridge Hacked? The Harmony bridge has previously been called out for the lack of stability offered by its multisigs. Reportedly only two of the four multisigs secured the bridge. Therefore two signees could easily gain access to control the funds. However, the Founder and CEO of Harmony Protocol, Stephen Tse has clarified that neither have any vulnerabilities been discovered on the Horizon platform, nor was there any hint of a smart contract breach. According to Tse’s tweets, the root of the vulnerability lay with some compromised private keys. He tweeted, “Our consensus layer of the Harmony blockchain remains secure…The team has found evidence that private keys were compromised, leading to the breach of our Horizon bridge. Funds were stolen from the Ethereum side of the bridge.” He explained that despite being double encrypted, the private keys were accessed and then decrypted by the attacker, who used them to authorize the malicious transactions. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
46 days agocryptodaily
Hackers Steal $100M In Harmony Horizon Bridge Exploit
Harmony’s cross-chain protocol, the Horizon Bridge, has been hacked, leading to a loss of funds of around $100 million. Stolen Altcoins Swapped For ETH Earlier today, the Horizon Bridge, which facilitates token transfers between Harmony and the Ethereum network, Binance Chain and Bitcoin, was targeted by hackers. They conducted a series of eleven transactions that siphoned off various altcoins. The tokens were then sent to a different wallet, from which they were swapped for Ether (ETH) on the Uniswap decentralized exchange (DEX). Around $100 million worth of funds were stolen through altcoins like Frax (FRAX), Wrapped Ether (wETH), Aave (AAVE), SushiSwap (SUSHI), Frax Share (FXS), AAG (AAG), Binance USD (BUSD), Dai (DAI), Tether (USDT), Wrapped BTC (wBTC), and USD Coin (USDC). The news broke when the Harmony team tweeted about it this morning, “The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM. We have begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds.” Team Discloses Initial Info According to the statements from the Harmoney team, the hack will not affect the trustless BTC bridge and the funds and assets stored in the decentralized vaults. The team has also identified the wallet, which was responsible for swapping the stolen tokens for ETH, and has disclosed the address on Twitter. They also announced that necessary actions have been taken to prevent further transactions by notifying exchanges and pausing the Horizon bridge. Finally, the team also announced that it is closely working with national authorities and forensic specialists to identify the culprits behind the hack and will soon disclose a post-mortem report. Multisig Concerns Valid The community had previously raised concerns about the stability of the bridge’s multisig wallet on Ethereum. Reportedly only two of the four multisigs secured the bridge, indicating that two signees were enough to move funds away. An industry expert had even pointed this out on Twitter back in April, saying that the low number of required signers leaves the bridge vulnerable to a significant hack. The fact that the bridge was actually exploited only vindicates these concerns that were raised months ago. Multisigs have been posing serious security threats. For example, Axie Infinity’s Ronin Bridge was hacked when hackers took control of the required five out of the nine validators and stole over $600 million in assets. Another cross-chain protocol, Wormhole, was also attacked when the hackers exploited a vulnerability in the bridge. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
55 days agocointelegraph
Total supply of stablecoins dropped sharply for first time ever in Q2
A separate graph also saw USDC and BUSD supply drop sharply in May, however both have since rebounded and are close to being back to their respective all-time high levels.
62 days agocryptodaily
The Future Faces an Urgent Need to Up the Game on Waste Treatment.
The EU has committed to reducing greenhouse gas emissions by at least 40% below 1990 levels by 2030, with at least 27% of total energy coming from renewables. The European Union is also turning away from outdated Waste-To-Energy burning processes. In concert with some influential European financial institutions, they exclude incineration facilities from financial support. UHTG (ultra-high-temperature-gasification) technology offers a new standard of efficiency, low cost, and sophistication in waste management and energy recovery. The produced energy is 100% renewable, and no carbon emission is released into the environment. The recently patented state-ot-the-art UHTG technology used by CleanCarbon in its waste-to-energy conversion process turns waste material into syngas, hydrogen, liquid fuels, chemicals, and more. CleanCarbon is the first asset-backed, community-driven blockchain project that cleans the planet using this highly effective top-notch UHTG technology. The business model offers a unique combination of sound and sustainable Defi tokenomics and physical token utilities. With CleanCarbon's UHTG system, companies can solve their disposal problems and use the hydrogen produced during the disposal process. The patented process is emission-free in processing organic waste, has low noise, and offers maximum flexibility in the input and output applications. The token itself is designed to be deflationary through regular burning events. The team tokens are locked for 25 months; each month, 4% are released for the team. Marketing tokens are partially locked and will be used to promote CARBO. CARBO has a fixed supply of 500M tokens. No additional tokens will ever be minted and added to the circulation. CARBO tokens purchased during the presale have a vesting period. A limit of 4,000 CARBO tokens per day will be released for each investor. CleanCarbons CARBO token has a variety of physical utilities and incentives built into the project's economy. The CARBO token directly connects with the CleanCarbon solutions company and its physical Waste-to-Energy installations. Part of the generated profits in the Treasury from the UHTG facilities and the buy and sell tax will be used to buy back CARBO tokens. CARBO token holders are rewarded with multiple financial incentives, such as staking rewards in BUSD, native reflections in CARBO, and bonuses from the different CARBO scores on CARBO's platform. Investors will receive daily rewards in BUSD and CARBO tokens. The reward mechanism functions through a 5% buy and 5% sell tax from every transaction on PancakeSwap. Significant benefits are in store for investors who decide to hold the CARBO tokens in their wallets. CARBO is paired with BUSD for its buy and sell orders on PancakeSwap or any centralized exchange in the future. This built-in measure is meant to provide resilience for the price against volatile market conditions. The platform launch is planned for the same day the CARBO token starts trading on PancakeSwap on the 12th of June 2022, 13:00 UTC. The launch price on PancakeSwap will be the same as during the presale periods. CleanCarbon raised about 2 million dollars in two presale rounds in April/May 2022. Investors accumulated 28.7M tokens in the first presale round in April, plus another 15M CARBO tokens in just a few days in May 2022. CleanCarbon Solutions SL is headquartered in Fuerteventura, Spain. The team will be working with top local partners. The company plans to expand further, with Fuerteventura Island being the first location acting as a proof of concept and the R&D facility needed to enter new markets. The strategic part of the company (CleanCarbon FZCO) is based in Dubai's Digital Silicon Oasis Zone. It has an initial capital of $200,000. The required legal framework is in place to guarantee that the company complies with all local and current regulations. The project and its mission are deemed to be a market fit. The progress CleanCarbon made in the last few months with registration and administrative procedures on a high-level note with decision-makers are positive signs of fulfilling its mission in the future. As a company, energy producer, and supplier, CleanCarbon is involved in accelerating circular and net-zero economies by using Defi solutions and building green infrastructures. CleanCarbon as an organization is experiencing rapid growth through its social media exposure. The community has seen a considerable increase in members and investors - going organically from zero to 10,500 members in just 60 days. For further information on announcements, please contact or join CleanCarbon on Discord, Telegram Announcements, and Twitter, or read the whitepaper on CleanCarbon's website. To find more about CleanCarbon's business model, vision and mission, please refer to www.cleancarbon.io Media Contact Brand: CleanCarbon Contact: Media team Email: [email protected] Website: https://cleancarbon.io/ SOURCE: CleanCarbon Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
63 days agocryptodaily
CoinLoan users to gain access to BNB Smart Chain
The CoinLoan platform has expanded its range of instruments with the introduction of BNB, the Binance utility token making the top five of largest cryptocurrencies by market cap. It is the first step to the integration of CoinLoan with the BNB Smart Chain, a stable and cost-efficient blockchain that enables its users to: create powerful apps buy, trade, and hold digital assets take advantage of large capacity and high speed of transactions The CoinLoan users are sure to benefit from vast opportunities that the integration will open up. Specifically, the introduction of the BNB Smart Chain will bring faster transactions and flexibility in switching between other assets and exchanges. This blockchain is a strong rival of Ethereum as it features better scalability at lower gas fees. BNB is now available in all main products of CoinLoan: Instant Loans in USDT, USDC, BUSD, TUSD, PAX, DAI, EUR, GBP, BTC, WBTC, and ETH with BNB as collateral; Interest Account enabling its owners to get 5.2% APY on BNB and up to 7.2% in total for those who stake CLT; Crypto Exchange where BNB can be converted to crypto or fiat. CoinLoan’s Product Owner Eugene Zomchak commented on the new offering: “Adding BNB to our scope is the right decision, as it is one of the most popular and capitalized assets, and it will be available across all the products on the CoinLoan platform. We are also preparing for the future integration with the BEP-20 network, so our customers will get all the advantages of using the BNB Smart Chain, such as fast and inexpensive transactions for compatible assets in the near future.” Putting the best interest of clients to the fore, CoinLoan constantly introduces innovations and extends the range of available digital assets. The main products of the platform — Wallet, Crypto Exchange, Interest Account, and Instant Loans — provide comprehensive B2C and B2B solutions. These offers are an efficient way to leverage cryptocurrencies in both short- and long-term market strategies. About CoinLoan CoinLoan is an EU-licensed crypto business that offers Instant Loans with cryptoassets as collateral, Interest Account, and Crypto Exchange. It also provides corporate services. The highest security standards and assets insurance mean that both institutional and private customers benefit from the highest levels of protection. CoinLoan offers highly-competitive loan and APY rates, transparent pricing, and 24/7 human customer support service that serves good for high customer retention and satisfaction. The platform allows swapping and managing a comprehensive and growing range of cryptocurrencies, including its native token and fiat currencies. The company is focused on continuous innovation through state-of-the-art technology and partnerships, bringing customers constant improvements and possibilities within the crypto world. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
70 days agocryptodaily
Bolide Finance Announces Launch of Lucrative Staking and Farming Features
London, UK - Bolid Finance, a Decentralized Finance (DeFi) platform that lets users earn a passive income on their crypto assets by investing into investment strategies, has announced the launch of its new staking and farming options. In the last quarter of the year, over 81 million people opened unique crypto wallets on the blockchain, a 72% increase from last year. While most people missed the Bitcoin rush, they are keen on earning high yields through innovative money crypto trends like staking and farming. Bolide's High-Yield Staking and Farming Features Bolide offers some of the highest APYs in the emerging DeFi space with low-risk, high-return investment products and straightforward, no-nonsense investing. Users simply deposit stable coins like USDT, BUSD, DAI, and USDC and earn passive high-income rewards. The DeFi protocol offers a 15% APY, an extra 20% yield on all $BLID stakes, 11% APY on farming, and instant rewards access, removing the need to wait days or weeks before accessing profits. Like most projects in the DeFi market, Bolide's smart contract and protocol have been audited by one of the leading blockchain security companies, 'cementing its status as a secure staking and yield farming protocol,' said a core team member at Bolide. The spokesperson added 'Bolide's TVL 'has risen by almost 500% in just 1 month', up from $205k TVL by the end of April to $1 Million TVL as of May 27th, adding that 'our BLID token has increased by 6.8% in the last two weeks, alone' (May 2022). Bolide is now working on developing their Medium and High Risk Strategies with up to 30% APY on the most popular blockchains: BNB Chain, Avalanche, Polygon, Cardano and Solana. These are expected to be launched by the end of 2022. If you're interested in using Bolide, the project is currently running a giveaway (ends June 14th, 2022) with a total prize pool of 225,000 $BLID. Visit their website to find out how to participate. About Bolide Bolide is a next-generation decentralized yield aggregator that optimizes the deployment of digital assets across multiple DeFi investment platforms to save investors time, money and earn them the highest possible yields. Powered by advanced AI and the use of smart contracts, Bolide allows crypto customers from anywhere in the world to invest their crypto assets into automated investment "Bolide Strategies" (low, medium, and high risk) and generate top-market yield, without requiring users to bridge their assets or worry about manually compounding their gains. Social Links Twitter: https://twitter.com/Bolide_fi Telegram: https://t.me/bolidechat Medium: https://medium.com/@Bolide.fi Discord: https://discord.gg/bolide Reddit: https://www.reddit.com/user/bolide-fi GitHub: https://github.com/bolide-fi/ Media Contact Brand: Bolide Finance Contact: Media team Email: [email protected] Website: https://bolide.fi/ SOURCE: Bolide Finance Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
89 days agocointelegraph
Breaking: Binance suspends LUNA and UST trading amid issues on Terra blockchain
Binance suspended LUNA/BUSD and UST/BUSD on its spot trading platform following the halting of the Terra blockchain.
109 days agozycrypto
Terra’s UST Poised For More Growth After Surpassing BUSD To Become 3rd Largest Stablecoin
Terra’s stablecoin, TerraUSD (UST), has pushed past Binance’s BUSD, becoming the 3rd largest stablecoin by market cap. The news comes as the community behind the asset continues accumulating Bitcoin to back UST. UST Surpasses BUSD In Market Cap According to data from CoinMarketCap, TerraUSD has surpassed BUSD in terms of market cap to become the […]
113 days agozycrypto
Terra’s Stablecoin UST On Course To Overtake Meme King Dogecoin As LUNA Accelerates
Terra’s algorithmic stablecoin TerraUSD, otherwise known as UST, has become the third-biggest stablecoin by market capitalization after usurping Binance USD (BUSD). At the current market value, UST is close to overtaking the market’s largest meme-inspired cryptocurrency, Dogecoin (DOGE).
114 days agocointelegraph
Terra's UST flips BUSD to become third-largest stablecoin
UST market cap has surged to flip BUSD, however, its trading volumes are still only around one-fifth worth of the Binance digital dollar.
167 days agocryptopotato
Seascape Network and Binance NFT Host Mystery Box Trade Competition
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202 days agocryptopotato
Nobility Token Has Come to Google Play
[PRESS RELEASE – Please Read Disclaimer] GameFi’s latest flagship token NBL just launched its first official app on Google’s Play store. The app currently allows users to track their NBL portfolio in real-time as well as offering limited NFT tracking, BUSD rewards tracking, and live market charts. The developers promise future updates will expand functionality, […]
211 days agocryptonomist
Social Sentiment: USDC top crypto in first week 2022
The stablecoin gets the top score, followed by TRON, KDA, FTM and BUSD The post Social Sentiment: USDC top crypto in first week 2022 appeared first on The Cryptonomist.
246 days agocryptopotato
Binance Futures Grand Tournament Provides 1.8M BUSD and Limited-Edition NFT Awards
[PRESS RELEASE – Please Read Disclaimer] With the growth of the cryptocurrency industry and new traders and investors entering the space daily, futures trading has become among the most preferable features. Futures are used in traditional markets for risk-hedging or to gain additional exposure. Both traditional and crypto futures similarly help markets lead price discovery. […]
253 days agocryptonomist
Crypto sentiment: BUSD wins this week
The token with the best sentiment over the past seven days was a stablecoin The post Crypto sentiment: BUSD wins this week appeared first on The Cryptonomist.
320 days agocointelegraph
BUSD: A case study for stablecoin compliance and security
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327 days agocointelegraph
Treasury plots stablecoin crackdown even as Tether’s dominance wanes
While Tether’s dominance has fallen to 56%, USDC and BUSD have surged to 23.9% and 10.4% respectively.
336 days agocointelegraph
Russian State Hermitage raises $440K via Binance NFT auction
Da Vinci’s artwork has received the highest bid at 150,500 BUSD in the Hermitage’s first NFT auction on Binance.

About Binance USD

The live price of Binance USD (BUSD) today is 1.0007 USD, and with the current circulating supply of Binance USD at 17,751,302,895 BUSD, its market capitalization stands at 17,764,358,885 USD. In the last 24 hours BUSD price has moved 0.0002 USD or 0.00% while 2,079,461,000 USD worth of BUSD has been traded on various exchanges. The current valuation of BUSD puts it at #6 in cryptocurrency rankings based on market capitalization.

Learn more about the Binance USD blockchain network and how it works or follow the price of its native cryptocurrency BUSD and the broader market with our unique COIN360 cryptocurrency heatmap.

Launched in September 2019, Binance USD (BUSD) is a stablecoin pegged to the U.S. Dollar at a 1:1 ratio. BUSD coin is issued jointly by Binance cryptocurrency exchange and Paxos, a widely-recognized blockchain solutions company that also issues its own stablecoin called the Pax dollar or USDP.

BUSD is supported both by the native BNB Chain as well as the Ethereum blockchain. The stablecoin is approved by the New York State Department of Financial Services (NYDFS) and is said to be audited on a monthly basis. The audit is conducted to verify that  BUSD issuance is backed by corresponding USD reserves, and the monthly attestation reports can be accessed on both Paxos and Binance websites.

Since BUSD is a dollar-pegged cryptocurrency, it is actively used for online payments as well as crypto trading. Some users also hold stablecoins like BUSD to store value and hedge against inflation in local currencies compared to the U.S. dollar.

BUSD price

According to our BUSD live price chart, BUSD price has always been in the vicinity of $1, ever since its launch in September 2019. Although it deviates by a few cents every now and then, it has never witnessed any sharp falls or rises, barring a couple of occasions. 

BUSD coin’s first noteworthy fluctuation came in March 2020 when it rose to an all-time high of $1.11 on March 12, but quickly lost a fair bit of ground and plummeted down to its all-time low of $0.88, within 24 hours, on March 13, as markets around the world crashed due to COVID-19 breaking out. Besides those two instances, BUSD price has been fairly stable all along.

How BUSD works

While BUSD was originally issued on the Ethereum blockchain as an ERC-20 token, it can also exist on the BNB Chain in the BEP-2 token format. You can buy it directly on the Paxos platform on a 1:1 basis against USD, at zero fees, and use it anywhere within the crypto ecosystem, for loans, commerce, payments etc.

Paxos is responsible for the issuance of BUSD coins. To buy BUSD directly on Paxos, you must be a verified user and deposit USD funds through wire transfer. Alternatively, BUSD can also be purchased on various other established cryptocurrency exchanges, including Binance.

Whenever a BUSD holder wishes to redeem their BUSD for cash, the coins are burnt by Paxos, and the user is reimbursed with their cash equivalent. There’s no cap on how many BUSD can be issued, and its supply depends entirely on the amount of fiat collateral deposited with Paxos for minting BUSD.

It is claimed that BUSD is 100% backed by US Treasury bills (including money-market funds and/or repurchase agreements) and cash reserves held in insured US banks.

BUSD news, updates and highlights

In an important news development for BUSD coin, in August 2020, the New York Department of Financial Services (NYDFS) added Binance USD to its ‘Greenlist’ of approved stablecoins. While BUSD was approved by NYDFS at its launch in September 2019, exchanges required approval before listing it as a crypto asset on their respective platforms. This development meant that licensed financial institutions could now freely use BUSD, without requiring any prior regulatory approval.

More recently, in April 2022, amid the Russia-Ukraine war, Binance announced a crypto card for displaced Ukrainians, allowing the card holders to receive financial support in BUSD coins. To receive financial support, the card holders had to be verified by local nonprofit organizations. Besides availing financial relief in the form of BUSD, the card enabled Ukrainian refugees to freely send and receive crypto payments, and conduct transactions at retail establishments spread all over the European Economic Area.

Frequently asked questions about BUSD

  • Can I mine or stake BUSD?

No. You can neither mine, nor stake BUSD. Instead, you can purchase it with USD on the Paxos website or from cryptocurrency exchange platforms.

  • What are some of the best wallets for BUSD?

Your choice of BUSD wallet will be determined by whether you have ERC-20 or BEP-2 BUSD coins. Some of the top BUSD wallets are MetaMask, Guarda Wallet, Ledger, Trust Wallet and Coinomi.

  • What can you do with BUSD coins?

You can use BUSD coins for buying goods and services, value storage, taking crypto loans, trading against other crypto assets, cross-border payments and more.

  • How can you buy BUSD stablecoin?

The ideal way to buy BUSD is from established crypto exchanges. You can buy it with fiat currency via Paxos, or exchange popular cryptocurrencies like LTC, ETH, BTC, XRP etc. for BUSD on Binance.

Binance USD Price1.0007 USD
Market Rank#6
Market Cap17,764,358,885 USD
24h Volume1,980,890,713 USD
Circulating Supply17,751,302,895 BUSD
Max Supply669,701,881 BUSD
Yesterday's Market Cap17,825,753,000 USD
Yesterday's Open / Close1.0006 USD / 1.0008 USD
Yesterday's High / Low1.002 USD / 0.999425 USD
Yesterday's Change
0.00% ( 0.0002 USD )
Yesterday's Volume2,079,461,000 USD
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