However, users should be aware that the Binance-Peg BUSD service is provided by Binance. The Binance-Peg BUSD tokens are not issued by Paxos and aren’t regulated by the NYDFS. Binance provides a service through which users can exchange their Binance-Peg BUSD tokens for BUSD tokens. Users have the option of accessing a wrapped version of BUSD called Binance-Peg BUSD, which is available on the BNB Chain, Polygon and Avalanche blockchains. The stablecoins issued by Paxos, including Binance USD, have regulatory approval from the New York State Department of Financial Services (NYDFS). Paxos launched the Pax Dollar (USDP) stablecoin in 2018 (initially called Paxos Standard Token) and now gives businesses the option to launch branded stablecoins, which is the service used by Binance to launch Binance USD. The Binance USD stablecoin is issued in partnership with United States-based cryptocurrency company Paxos. ![]() This is possible because Paxos holds sufficient reserves to back each BUSD token in circulation, and the tokens can be redeemed for actual USD. ![]() BNB is +1.53 in the last 24 hours with a circulating supply of 151.70M. BNB to USD price is updated in real-time. BUSD is available on the Ethereum blockchain as an ERC-20 token.īinance USD is pegged to the US dollar – this means that it’s designed to always trade as close to $1 as possible. The live price of BNB is 248.03 per (BNB / USD) with a current market cap of 37.63B USD. In terms of market cap, Binance USD is currently ranked #5 in the Stablecoins sector and ranked #13 in the Ethereum (ERC20) Tokens sector.īinance USD (BUSD) is a stablecoin issued by Paxos and promoted by the Binance cryptocurrency exchange. The current yearly supply inflation rate is -93.30% meaning -20.98B BUSD were created in the last year. The highest BUSD price since the last cycle low was $ 1.025490 (cycle high).īinance USD's current circulating supply is 1.51B BUSD. The lowest price since it's ATH was $ 0.962814 (cycle low). The BUSD price increased 0.10% in the last 24 hours.īinance USD reached its highest price on when it was trading at its all-time high of $ 1.108270, while Binance USD's lowest price was recorded on when it was trading at its all-time low of $ 0.962814. Binance.US is the crypto trading platform for US residents where you can buy, sell, and trade cryptocurrencies and alt coins with some of the lowest fees in the US. Binance USD price today is $ 1.001042 with a 24-hour trading volume of $ 338.71M, market cap of $ 1.51B, and market dominance of 0.09%.
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