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Binance USD price today, BUSD to USD live, marketcap and chart

 supply of 6,584,205,306 BUSD coins and the maximum supply is not available. The top exchanges for trading in Binance USD are currently Binance, HBTC, Huobi Global, ZB.COM, and CoinTiger. There are currently 6,582,802,136 BUSD coins available for supply, but the maximum supply is unknown.

to USD live, marketcap and chart |

If you're interested in purchasing Binance USD at its present value, the primary cryptocurrency trading platforms to consider are currently identified. On our cryptocurrency exchanges page, you can find Binance, XT.COM, Bybit, Bitrue, Bitget and several other exchanges listed.

What is BUSD?

features of both blockchain technology and traditional finance, providing a stable and reliable method of exchanging digital assets. This cryptocurrency is backed by US dollars at a 1:1 ratio, which means that for every BUSD that exists, an equivalent amount of US dollars is held in reserve. It was developed as a joint venture between Binance and Paxos, with approval and regulation from the New York State Department of Financial Services. The official website allows access to the monthly audit report for BUSD. Its goal is to blend aspects of both blockchain and finance in order to create an dependable way to transfer digital assets. The use of blockchain technology ensures the strength and reliability of the dollar, which is now available in digital form as ERC-20 and BEP-2.

BUSD Use Case

Stablecoin has a significant role in transactions payments and settlement and Decentralized Finance (DeFi) due to its capability to maintain price stability.

Here are some of the BUSD use cases:

  • Move your BUSD cryptocurrency to any destination quickly and inexpensively using blockchain technology.
  • You can engage in BUSD trading across various exchanges and decentralized exchanges (DEX).
  • Deposit BUSD to earn an interest rate.
  • Use BUSD to make payments for items and services.
  • Use BUSD as collateral and loan asset.
  • Use BUSD as cross collateral in Futures.
  • You can keep your BUSD either in a wallet or on an exchange.

BUSD Ecosystem

adoption and increased usage of the BUSD ecosystem throughout the year. At the beginning of 2021, the BUSD ecosystem had a market capitalization of approximately US$1 billion. However, by the end of the year, it had skyrocketed to over US$14.6 billion. As a result, it is now considered to be the third largest stablecoin in terms of market capitalization, coming in behind Tether and USDC. The significant growth can mainly be attributed to more users utilizing and taking advantage of different features within the BUSD ecosystem. BUSD is supported by various platforms and services, including wallets, DEXes, and CEXes, for adoption purposes.

There are several popular wallets such as Metamask, Trust Wallet, Trezor, and Zapper that enable users to store BUSD. In addition to this, there are various platforms and services that have started facilitating BUSD transactions. For instance, Travala, a travel booking site, now accepts BUSD payments. Moonpay and Banxa act as payment gateways for BUSD while Wyre provides payment APIs. Moreover, multi-currency payment services like ivendPay and Paylot have also begun supporting BUSD transactions. BUSD currency is supported by several top decentralized exchanges (DEXes) within the Binance Smart Chain system, with PancakeSwap being the most popular. Additionally, other leading DEXes such as Uniswap, 1inch, Curve Finance, Ellipsis, MDEX, SushiSwap and more also support BUSD. Beyond Binance and Binance.US platforms, BUSD can also be utilized by customers of various centralized exchanges (CEXes). There are several exchanges available such as FTX,, WazirX, MEXC and many others.

found on the websites of centralized platforms including Binance, Blockfi, and Celsius. Additionally, users who wish to engage in yield farming and lending BUSD can also explore leading DeFi protocols such as Venus, Aave, etc. These platforms allow users to earn yield on their BUSD investments. For more information on the BUSD ecosystem, a comprehensive guide can be found on the websites of these platforms. I located it at this location.

Paxos Reveals Assets Backing BUSD

Several issuers of stablecoins have opted to reveal the assets supporting their coins after the TerraUSD controversy. According to Paxos, as of June 30th, 2022, Binance USD's assets were mostly held in cash and cash equivalents (96%) with an additional 4% invested in U.S. Treasury bills.

The company keeps all of its cash in financial institutions that are insured by the United States government. Additionally, any cash-like assets are invested in short-term U.S. Treasury bills or overnight agreements that are secured with collateral in the form of U.S. Treasury instruments and have a maturity period of three months or less.

BUSD and Charity

Binance's charity organization made a donation of $2.5 million in BUSD to USA for UNHCR, a United Nations refugee agency in April 2022. This groundbreaking donation marked the first stablecoin crypto contribution received by the agency and highlighted the valuable role that cryptocurrency can play in providing financial aid and assistance to humanitarian causes.

How can you buy BUSD?

If you want to obtain BUSD, you have the option of purchasing it from various exchanges. For an updated list of exchanges and trading pairs that offer this cryptocurrency, visit our market pairs tab at Another resource for buying and exchanging BUSD is Paxos, which can be accessed at

Department of Financial Services and is therefore subject to their regulations and oversight, ensuring transparency, security, and stability for BUSD holders. Essentially, BUSD is a digital asset that is fully backed by actual cash reserves held in trusted U.S. financial institutions, making it a reliable and secure option for users. It has also received regulatory approval from the New York State Department of Financial Services, providing additional assurance to BUSD holders. The NYDFS oversees the Department of Financial Services. Paxos has collaborated with Binance to issue BUSD, which can be issued and redeemed for free. BUSD is created on the Ethereum blockchain by Paxos. Furthermore, Binance provides a wrapped BUSD token named Binance-Peg on the BNB Chain. Kindly take note that Binance-Peg BUSD is a product of Binance and not produced by Paxos, nor governed by the New York State Department of Financial Services.