Binance USD (BUSD) Market Cap Hits $17.77 Billion

   2022-05-02 11:05


Binance USD (BUSD) traded up 0.1% against the dollar during the 24-hour period ending at 7:00 AM ET on May 2nd. One Binance USD coin can currently be bought for approximately $1.00 or 0.00002584 BTC on cryptocurrency exchanges. Binance USD has a market cap of $17.77 billion and $3.35 billion worth of Binance USD was traded on exchanges in the last day. During the last week, Binance USD has traded up 0.1% against the dollar.



Here’s how similar cryptocurrencies have performed during the last day:


  • Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Dai (DAI) traded down 0% against the dollar and now trades at $1.00 or 0.00002580 BTC.
  • Polygon (MATIC) traded down 1.3% against the dollar and now trades at $1.08 or 0.00002780 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • FTX Token (FTT) traded up 1.6% against the dollar and now trades at $38.96 or 0.00100572 BTC.
  • THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
  • Chainlink (LINK) traded down 0.9% against the dollar and now trades at $11.06 or 0.00028549 BTC.
  • yOUcash (YOUC) traded 2.7% higher against the dollar and now trades at $0.42 or 0.00001088 BTC.

Binance USD Profile

Binance USD is a coin. It was first traded on September 10th, 2019. Binance USD’s total supply is 17,756,377,612 coins. Binance USD’s official Twitter account is @PaxosGlobal and its Facebook page is accessible here. Binance USD’s official website is www.paxos.com/busd. The official message board for Binance USD is medium.com/Paxos.

According to CryptoCompare, “Binance USD (BUSD) is a stable coin pegged to USD that has received approval from the New York State Department of Financial Services (NYDFS). BUSD will be available for direct purchase and redemption at a rate of 1 BUSD = 1 USD. Starting September 12, 2019, BUSD will be available on the Paxos platform for direct purchase and redemption 1:1 for U.S. dollars or PAX. Later in September it will become available on Binance.com for trading initially against BTC, BNB and XRP and more to come.  BUSD is now available for purchase and redemption on the Paxos platform. In order to get BUSD through Paxos, you need to be a verified customer. You can either deposit PAX or deposit dollars by wire from a bank account. “

Buying and Selling Binance USD

It is usually not currently possible to buy alternative cryptocurrencies such as Binance USD directly using U.S. dollars. Investors seeking to acquire Binance USD should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Binance USD using one of the exchanges listed above.



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