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

Binance USD (BUSD) traded up 0% against the U.S. dollar during the 1-day period ending at 0:00 AM Eastern on April 16th. Binance USD has a market capitalization of $70.58 million and approximately $16.70 million worth of Binance USD was traded on exchanges in the last 24 hours. One Binance USD token can now be purchased for about $1.00 or 0.00001568 BTC on major cryptocurrency exchanges. In the last week, Binance USD has traded down 0.1% against the U.S. dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded down 5.8% against the dollar and now trades at $0.33 or 0.00000519 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.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 1.5% against the dollar and now trades at $0.0088 or 0.00000014 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Binance USD Profile

Binance USD’s launch 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. The official website for Binance USD is www.binance.com/en/busd. Binance USD’s official message board is coinmarketcap.com/community/profile/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.”

Buying and Selling Binance USD

It is usually not 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, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Binance USD using one of the aforementioned exchanges.

BUSD/USD price chart by TradingView