Binance USD (BUSD)
|Market Cap||Volume||Available Supply|
Binance USD (BUSD) current price is $1.002 with a marketcap of $16,127,775,611.00. Its price is 0.23% up in the last 24 hours.
Binance USD (BUSD), a stable currency pegged to USD, has been approved by the New York State Department of Financial Services.
The BUSD can be purchased and redeemed at 1 BUSD = 1 USD.
Why Invest In Binance USD (BUSD)?
How to use Binance USD (BUSD)?
Binance USD (BUSD), A new stablecoin that was issued in partnership with Binance
The Workflows-Trading allows you to trade cryptocurrency on Binance. Buy/Sell directly and get BUSD 1:1 for U.S. Dollars or PAX on Paxos.
You can hedge against volatility in your crypto-assets by holding BUSD. It is as stable as the Dollar.
ERC-20 tokens can be used for commerce, loans, and payments.
In Partnership with Binance BUSD was formed in partnership with the most respected and trusted companies in crypto.
The New York State Department of Financial Services approves and regulates Paxos as well as BUSD, providing the highest consumer protections.
Binance USD (BUSD) Backed by Dollars
BUSD is 100% backed with reserves held in either (i) fiat money in dedicated omnibus bank accounts at insured U.S. Banks1 or (ii) U.S. Treasury notes (including through repurchase agreements, and/or money market funds invested in U.S. Treasury bill).
An audit firm of high standing will testify to the matching supply on a monthly basis of BUSD tokens as well as underlying U.S. Dollars.
What is Binance USD or BUSD?
Binance USD (BUSD), a USD-denominated stablecoin, has been approved by the New York State Department of Financial Services. It will be launched in partnership between Paxos (Binance) and Binance.
Where can I buy BUSD?
BUSD will become available on Paxos starting September 12, 2019. It can be purchased and redeemed 1:1 using US dollars or PAX. It will be available on Binance.com later in September for trading against BTC, BNB, and XRP. More to follow.
Who is the issuer for BUSD?
Paxos, the USD custodian, and holder of BUSD, is Paxos.
How do I get BUSD?
BUSD can now be purchased and redeemed on the Paxos platform. To receive BUSD via Paxos you must be a verified customer. You can deposit PAX or dollars by wire transfer from your bank account.
What fees are associated with the BUSD?
Similar to PAX, there is no fee for creating or redeeming BUSD.
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