Binance USD (BUSD) Price Reaches $1.00 on Exchanges

Binance USD (BUSD) traded up 0% against the U.S. dollar during the 1-day period ending at 18:00 PM E.T. on September 4th. Over the last seven days, Binance USD has traded down 0.1% against the U.S. dollar. Binance USD has a market cap of $69.52 million and $5.07 million worth of Binance USD was traded on exchanges in the last day. One Binance USD token can currently be bought for approximately $1.00 or 0.00001723 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Taiko (TAIKO) traded down 1.9% against the dollar and now trades at $1.41 or 0.00002423 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.
• 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 0.6% against the dollar and now trades at $0.0504 or 0.00000087 BTC.

About Binance USD

Binance USD launched on September 10th, 2019. Binance USD’s total supply is 69,511,448 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. Binance USD’s official website 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 US dollars. Investors seeking to trade Binance USD should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Binance USD using one of the exchanges listed above.

BUSD/USD price chart by TradingView