Binance USD (BUSD) price, chart, coin profile and news

Find the latest Binance USD (BUSD) price, coin profile, news and history to get you started with Binance USD trading and investing.

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What is Binance USD?

Launched in 2018 by the Paxos Trust Company, the Pax Dollar, or USDP, is a US dollar stablecoin. The token was developed to provide a place for users to store funds away from the high volatility of the cryptocurrency markets. Originally called the Paxos standard, with a ticker symbol - PAX, Paxos decided to rebrand the name of the token to the Pax Dollar (USDP) in 2021.

According to Paxos’ website, each USDP can be redeemed for 1 US dollar at any time. The aim of the project is to hold the ratio between USDP and USD as close to 1:1 as possible. This is achieved through Paxos’ physical reserves. It is the responsibility of the Paxos Trust Company to ensure that all circulating USDP tokens are backed by physical US dollars. As new USDP is minted, more reserves are added to Paxos’ reserves. As USDP is removed from circulation, reserves are removed from Paxos’s reserves. Thanks to being pegged to a fiat currency, the Pax Dollar can facilitate everyday monetary transactions while offering minimal price swings or other volatility induced risks. The token was developed using the Ethereum blockchain and was, therefore, created using the ERC-20 token standard. All transactions completed with USDP require a small gas fee payment made in ETH.

Binance USD (BUSD) is the 8th largest cryptocurrency in the world by market cap, valued at $18,439,486,074. The current price of Binance USD is $1.41423, which is 0.293% higher than yesterday. Prices have ranged between $1.41846 and $1.40591664 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 23, 2022 01:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Recent Binance USD developments

March 2022: Volume for BUSD jumped 16% in the first day of March, with the token now accounting for 20% of the stablecoin market share. Much of this spike is due to Ukranian and Russian investors rushing out of fiat currency attempting to avoid the economic impact of the Russia-Ukraine war.

Binance USD (BUSD) price

Use our graph to track the performance of (BUSD) over time.

Binance USD at a glance

Information last updated May 23, 2022 01:05 UTC.
Coin symbol BUSD
Coin Marketcap AUD$18,439,486,074
Total BUSD supply 18,406,866,051
Circulating BUSD 18,406,866,051
Current price AUD$1.41423
All time high AUD$2.2842
All time high date March 13, 2020
Industry Stablecoins
Token uses Stablecoin
Network Ethereum, Binance Smart Chain

Binance USD price performance over time

Historical prices compared with the price of $1.41423.

1 hour 0.13%
24 hours 0.29%
7 days -0.05%
14 days 0.20%
30 days 0.18%
60 days 0.37%
200 days 0.23%
1 year 0.78%

Disclaimer: Cryptocurrencies, including Binance USD, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BUSD is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Binance USD or any other cryptocurrency discussed.

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