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Cryptocurrencies/Coins/Binance USD (BUSD)
Binance USD price, market cap on Coin360 heatmap

Binance USD(BUSD)

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$0.999466
(-0.07%)
0.00005765 BTC
Market Cap (Rank#6)
$22,140,360,301
1,277,103 BTC
Vol 24h
$2,164,608,506
124,859 BTC
Circulating Supply
22,152,178,551.01
Max Supply
669,701,881
11 days agocryptodaily
ABBC Foundation Introduces ABBC Trade: New Way for Crypto Investors To Maximize Earnings
ABBC Foundation has just launched a new portal, ABBC Trade, where users who trade their ABBC coins will receive 300% BUSD incentives over the course of 365 days. Notably, these BUSD awards can be withdrawn every 7 days through the Aladdin Pro wallet. Once users have subscribed to an ABBC Trade plan, they can track their weekly BUSD rewards and claim them at any time. The portal allows ABBC holders to trade their coins with a minimum of 100 BUSD and a maximum of 1,000 BUSD per month. After reaching the maximum limit, users must wait a month before trading more ABBC. ABBC Trade users are also eligible for a referral program after they have subscribed to a plan. Through the referral program, users can invite their family and friends to register and subscribe to the ABBC Trade plan. Referrers can immediately receive 7% BUSD rewards based on how much their referees have traded. ABBC Foundation is also considering conducting monthly Bonanza events. With these events, one lucky trader will have the opportunity to double the amount they have traded on an ongoing ABBC Trade plan. Prior to subscribing to any plan within the ABBC Trade portal, users must undergo KYC verification. A scanned copy of the user’s passport or a government-issued photo ID must be submitted together with a selfie holding their passport or photo ID in one hand, and a piece of paper with the current date and “#ABBCCoin” written on the other hand. ABBC Foundation, the global blockchain company, is committed to providing its ever-supportive ABBC community with the latest technological advancements and exciting projects that enable an efficient and convenient cryptocurrency experience. Recently, ABBC announced that their cryptocurrency-based online shopping platform Buyaladdin will be launched globally soon, aiming for a more accessible shopping experience for everyone. The shopping mall will accept payments in Bitcoin (BTC), Ethereum (ETH), and ABBC Coin (ABBC). Moreover, 1 ABBC will be equal to $100 in the Buyaladdin shopping mall. In addition to providing the highest level of ease and security, ABBC Foundation pledges to continually innovate and enhance the services it provides to its users. As an integral part of the broader ABBC ecosystem, ABBC Trade offers users a chance to expand their crypto earnings. More information can be found in the ABBC Trade user manual. About ABBC Foundation ABBC Foundation is a global blockchain company responsible for protecting the best interests of the ABBC Coin. As a hub for blockchain and crypto adoption, the Dubai-based foundation aims to shape the future of payment security with its advanced and phenomenal projects. 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.
17 days agocoindesk
FTX Exploiter Swaps Thousands of Stolen BNB Crypto Tokens Into Ether, BUSD
The attacker appears to convert their illicitly gained funds around the same time every day.
18 days agocryptodaily
Ronaldo Dropping First NFT Collection With Binance
Football superstar Cristiano Ronaldo has launched his first-ever NFT collection in partnership with crypto exchange Binance. Ronaldo Announces NFT Drop Ronaldo has partnered up with the world’s leading crypto exchange in an exclusive, multi-year deal. It is a part of a global marketing campaign to introduce Ronaldo's extensive fanbase to Web3. The collection will drop on November 18 on the Binance NFT marketplace and will feature seven animated statues of the football legend, each capturing him in an iconic moment from his life. For example, his legendary bicycle kicks, glimpses of his childhood in Portugal, and more. Talking about his first NFT drop in a press release, Ronaldo stated, "It was important to me that we created something memorable and unique for my fans as they are such a big part of my success. With Binance, I was able to make something that not only captures the passion of the game but rewards fans for all the years of support." The five-time winner of the Ballon d’Or announced the collection launch on Twitter and urged his fans to join his Web3 community and own iconic moments from his career. More About CR7 NFTs These statues are all available in four levels of rarity - Super Super Rare (SSR), Super Rare (SR), Rare (R), and Normal (N). The collection will be up for auction for just a day, and anyone interested in buying a particular NFT will have to bid on it. The highest bidder will receive the NFT. The starting points for each level of rarity have been fixed, with the SSR level NFTs to start bidding at 10,000 BUSD and the SR levels to start bidding at 1,700 BUSD. Depending on the rarity level, there will be exclusive perks associated with the NFTs. Some of these include a personal message from Ronaldo, autographed CR7 and Binance merchandise, direct access for future Ronaldo NFT drops, complimentary mystery box items, or a direct entry into giveaways. Binance Co-Founder and CMO, He Yi, addressed the partnership and the collection launch, saying, "We believe the metaverse and blockchain are the future of the internet. We are honored to collaborate with Cristiano to help more people understand blockchain and showcase how we are building Web3 infrastructure for the sports and entertainment industry." Footballers x NFT There has been a growing trend of sportspersons and athletes stepping into the web3, mostly by launching their own NFT collection. In August 2022, Argentinian superstar Lionel Messi dropped the Merssiverse x Bosslogic collection in partnership with Ethernity Chain, featuring all of the footballer’s achievements, iconic moments, and future accomplishments. 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.
18 days agocointelegraph
Circle marks a possible $3B loss from Binance stablecoin conversions
Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.
21 day agocryptodaily
Binance Reveals It Has Over $70 Billion in Reserves
After the chaos that unfolded this past week with FTX, many exchanges and firms have taken a pledge towards transparency and have revealed the balances of their hot and cold wallets. Binance, who was the first to advocate for this, has revealed that it has over $70 billion in its reserves. Earlier in the week, Binance CEO, Changpeng “CZ” Zhao, announced that his exchange was to implement a Proof-of-Reserve mechanism to provide “full transparency” using Merkle Trees and emphasized the importance of transparency. In a show of good faith, Binance disclosed its hot and cold wallet balances in a recent blog post. according to what Binance published, the exchange holds $70,675,000,000 in its reserve. The exchange announced that it will share a full audited report soon, but did publish its major tokens on BTC, ETH, BNB, and TRX networks. The exchange holds roughly 475,000 BTC, 4,800,000 ETH, 17,600,000,000 BUSD, 601,000,000 USDC, and 58,000,000 BNB. Data from crypto analytics firm Nansen reveals that 32.99% of the exchange’s assets are in BUSD, 22.92% in USDT, 10.22% in ETH, 8.97 in BTC, 8.60% in BNB, and 16.29% in other tokens. Binance’s decision to publish the contents of its reserves was spurred on by the massive downfall of FTX and its former CEO, Sam Bankman-Fried (SBF). The chaos started when reports emerged that most of FTX’s sister firm, Alameda Research’s funds were held in FTT. Questions were raised around its balance sheet and CZ announced that the exchange would dump its position in FTT tokens. While this took place, it triggered a surge in outflows as more and more customers wanted to withdraw their funds from FTX resulting in a drop in its stablecoin reserves. The exchange then apparently stopped processing withdrawals, but this was denied by SBF. Binance proceeded to announce that it would acquire FTX pending due diligence. After an investigation into the firm’s finances and internal data, Binance backtracked and decided not to go through with the deal. FTX thereafter announced that it had filed for Chapter 11 bankruptcy and SBF stepped down as CEO. 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.
25 days agocryptopotato
Binance Tops up Its Insurance Fund to $1 Billion Following FTX Crash
BUSD and BNB addresses comprise 70% of the emergency fund, while BTC addresses account for the remaining 30%.
26 days agocryptodaily
FTX Registers Huge Outflows Amidst Growing Liquidity Concerns
Sam Bankman-Fried-led FTX exchange has seen a huge surge in withdrawals, leading to a substantial drop in its stablecoin reserves. According to the available data, over $451 million in stablecoins has flown out of FTX over the past seven days. The exchange is under severe pressure amid growing but unsubstantiated rumors around the balance sheet of its sister firm, Alameda Research. Huge Outflows From FTX The past week has seen a considerable surge in stablecoin outflows from the FTX exchange, sparking concerns about the exchange’s financials. Market watchers also fear another Terra-like situation, as the exchange’s stablecoin reserves have substantially decreased over the past 24 hours. According to Nansen data, the past seven days have seen $451 million in stablecoin outflows caused by significant user withdrawals. The data also shows that the FTX reserve is down over $300 million, with the balance sitting at $261 million. Another analytics firm, CryptoQuant, showed that the reserve is currently at $107 million. This could be considered an improvement, given that it had plunged by over 90% to $51 million. Alameda Research Boosting Reserves According to available data, the slight increase in reserves was thanks to Alameda Research buying and sending stablecoins to FTX from other exchanges. According to data from Lookonchain, Alameda Research has withdrawn nearly $500 million USDC from Circle and sent it to FTX since the 3rd of November. The firm also withdrew nearly $200 million USDC from Circle after CEO Caroline Ellison stated that the company is willing to purchase Binance’s FTT reserves at $22 each. Jump Crypto And Nexo Leading Withdrawals According to Colin Wu, firms such as Jump Crypto and Nexo are leading withdrawals, having made substantial withdrawals over the past 24 hours. Wu stated that Jump withdrew $40 million USDC from FTX, while Nexo withdrew over $90 million. Several crypto influencers have also been urging their followers to withdraw their funds from the exchange. Ran Neuner, the founder of Crypto Banter, stated on Twitter, “I have nothing against FTX, but there is no upside to keeping funds on any exchange. More so on an exchange that has FUD. I’m almost sure FTX will be ok, but in the tiny chance that they are not, I wouldn’t want to think that I had an opportunity to withdraw and didn’t take it!” Other users revealed that they have been experiencing delays in the processing of their transactions, while others stated that transaction fees were extremely high. The Story So Far The controversy began when reports emerged stating that Alameda Research held a total of $14.6 billion in assets and had around $8 billion in liabilities, including $7.4 billion worth of loans. Among its assets, Alameda Research listed that it had $3.66 billion in unlocked FTT, the FTX exchange’s native token. The concerns around insolvency arose from the fact that a significant chunk of Alameda’s holdings were in FTT, a token created by the firm itself, rather than in traditional fiat currencies or stablecoins. Alameda Research’s CEO later clarified that the leaked document only presented a portion of the firm’s holdings. She added that the firm held a further $10 billion in assets. However, the clarification could not quell investor fears and prevent a response from the market. As the report found its way to more users, significant investors began pulling their funds from the exchange. The situation was further exacerbated by Binance when CEO Changpeng Zhao stated that the world’s largest exchange was planning on liquidating a significant chunk of FTT tokens. Binance had received around $2.1 billion worth of BUSD stablecoins and FTT as part of its exit from FTX. Bankman-Fried Insists Everything Is Fine FTX Founder Sam Bankman-Fried took to Twitter to assure users and investors that the exchange was functioning normally. He also called the rumors unfounded, adding that FTX maintains audited financials and is highly regulated. He also added that the exchange has already processed billions of dollars worth of deposits and withdrawals. “FTX keeps audited financials etc. And, though it slows us down sometimes on product, we’re highly regulated. We’ve already processed billions of dollars of deposits/withdrawals today; we’ll keep going. (Taking up anti-spam checks to process more--sorry if you got those. We’re hitting node rate capacity, will keep going.) Also, tons of USD stablecoin conversions going on.” 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.

About Binance USD

The live price of Binance USD (BUSD) today is 0.999466 USD, and with the current circulating supply of Binance USD at 22,152,178,551.01 BUSD, its market capitalization stands at 22,140,360,301 USD. In the last 24 hours BUSD price has moved -0.0004 USD or -0.00% while 1,849,843,500 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 Price0.999466 USD
Market Rank#6
Market Cap22,140,360,301 USD
24h Volume2,164,608,506 USD
Circulating Supply22,152,178,551.01 BUSD
Max Supply669,701,881 BUSD
Yesterday's Market Cap22,159,907,000 USD
Yesterday's Open / Close1.0007 USD / 1.0003 USD
Yesterday's High / Low1.0008 USD / 0.99835 USD
Yesterday's Change
0.00% ( 0.0004 USD )
Yesterday's Volume1,849,843,500 USD
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