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  • ISTANBUL12:56:03
  • NEW YORK7:48:06
  • LONDON12:47:17
  • MOSCOW15:47:33
  • TOKYO21:47:45
  • NAME BUSD
  • SYMBOL BUSD
  • INDUSTRY CRYPTOCURRENCY
  • MARKET VALUE 65554208482.25627
  • TOTAL SUPPLY 97248970
  • MAXIMUM SUPPLY 110000000
  • ALL-TIME HIGHEST $1.21
  • ANNUAL RETURN undefined
  • RELEASE DATE 2022

BUSD GENERAL INFORMATION

What is Binance USD Dollar (BUSD)?

BUSD is a stablecoin regulated by the New York State Department of Financial Services (NYDFS), issued by cryptocurrency exchange Binance in partnership with the Paxos Platform, which uses the blockchain network. It is a regulated fiat-backed stablecoin with a value of 1:1 equal to the US dollar.

How Does Binance USD Dollar (BUSD) Work?

For each unit of BUSD, 1 US dollar is held in reserve, which makes the 1:1 peg rate efficient compared to other stablecoins. To exchange BUSD for fiat money, the token is sent to Paxos and then burned for fiat money.

If the BUSD value starts to drop below $1, the tokens will be largely bought by arbitrage traders. This makes BUSD profitable for investors even if its price stabilizes or drops below $1.

After arbitrageurs have converted most of the BUSD into fiat via Paxos, the increased demand for BUSD is once again pushing its value to a 1:1 peg.

Binance USD Dollar (BUSD) Advantages

Considering its mentioned key features, BUSD provides many benefits to its holders as follows.

The increasing volatility of the cryptocurrency market requires stable assets, just like traditional financial markets. Investors can use BUSD to convert crypto assets into fiat or other financial assets to avoid a fluctuating loss.

The stablecoin BUSD is very popular on both Paxos and BNB Chain, where liquidity pools allow users to arbitrage when prices change. Investors who buy BUSD from both Paxos and BNB quickly benefit from arbitrage between the two platforms. Additionally, Arbitrage options are available, such as buying BUSD and being able to exchange it for fiat currency.

How to Buy Binance USD Dollar (BUSD)?

You can start trading Binance USD Dollar (BUSD) on ICRYPEX:

  • First of all, you need to sign up by filling out the name-surname, telephone and e-mail address sections from the "New Membership" button.
  • After completing your membership process, you can wire TRY from your bank account by clicking on the "Deposit" section.
  • Wiring from the bank acccount, you need to copy the ICRYPEX Bilişim AŞ in the receiver / title section. Transfers sent with different, incorrect or incomplete recipient names are rejected by the bank.
  • Your transfer is carried out through the current TRY accounts registered in your name.
  • After funding your wallet, you can get buy Binance USD Dollar (BUSD) with Easy Buy-Sell and Pro-View modes.

You can quickly and safely trade Binance USD Dollar (BUSD) and get help anytime from Customer Service available 24/7 and ask for daily and weekly-based analysis.

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