Binance USD (BUSD) Price Tops $1.00

Binance USD (BUSD) traded down 0% against the US dollar during the 24 hour period ending at 7:00 AM ET on April 29th. Binance USD has a market cap of $70.53 million and approximately $8.71 million worth of Binance USD was traded on exchanges in the last 24 hours. In the last week, Binance USD has traded down 0.1% against the US dollar. One Binance USD token can now be bought for approximately $1.00 or 0.00001603 BTC on popular cryptocurrency exchanges.

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

• KILT Protocol (KILT) traded down 3% against the dollar and now trades at $0.29 or 0.00000473 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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.
• BitcoinBR (BTCBR) traded up 111,451,397.8% against the dollar and now trades at $0.0000 or 0.00000000 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 1% lower against the dollar and now trades at $0.0095 or 0.00000015 BTC.

About Binance USD

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. The official message board for Binance USD 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 buy alternative cryptocurrencies such as Binance USD directly using U.S. dollars. Investors seeking to trade Binance USD should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Binance USD using one of the aforementioned exchanges.

BUSD/USD price chart by TradingView