Binance USD Trading 0.1% Lower This Week (BUSD)

Binance USD (BUSD) traded up 0.2% against the U.S. dollar during the one day period ending at 12:00 PM E.T. on May 2nd. One Binance USD token can currently be purchased for about $1.00 or 0.00001694 BTC on popular exchanges. Binance USD has a market cap of $70.53 million and approximately $10.60 million worth of Binance USD was traded on exchanges in the last day. In the last week, Binance USD has traded down 0.1% against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded 8.4% higher against the dollar and now trades at $0.30 or 0.00000511 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 3.8% higher against the dollar and now trades at $0.0100 or 0.00000017 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Binance USD Profile

Binance USD’s genesis date was September 10th, 2019. Binance USD’s total supply is 70,511,448 tokens. Binance USD’s official website is www.binance.com/en/busd. Binance USD’s official message board is coinmarketcap.com/community/profile/busd. Binance USD’s official Twitter account is @binance and its Facebook page is accessible here.

According to CryptoCompare, “BUSD is a stablecoin issued by Paxos and supported by Binance. It is backed by U.S. dollar reserves held in insured U.S. banks, Treasury bills, and money market funds, and is regulated by the New York State Department of Financial Services. BUSD is issued on the Ethereum blockchain as an ERC-20 token and on the BNB Chain as a BEP-20 token, and can be used for hedging against volatility, stable price-pegging, remittances, crowdfunding, payments, lending, borrowing, and other financial services. Its value remains stable through fiat currency reserves, and traders can use arbitrage to bring it back to its peg if its price moves away from $1.”

Buying and Selling Binance USD

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

BUSD/USD price chart by TradingView