Binance USD (BUSD) Trading Up 0% Over Last Week

Binance USD (BUSD) traded up 0% against the U.S. dollar during the 1 day period ending at 0:00 AM Eastern on May 6th. In the last seven days, Binance USD has traded up 0% against the U.S. dollar. One Binance USD token can currently be purchased for $1.00 or 0.00001583 BTC on major cryptocurrency exchanges. Binance USD has a market cap of $70.54 million and $11.95 million worth of Binance USD was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded down 0.9% against the dollar and now trades at $0.30 or 0.00000473 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower 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 down 1.5% against the dollar and now trades at $0.0098 or 0.00000016 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Binance USD

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

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 purchase alternative cryptocurrencies such as Binance USD directly using US dollars. Investors seeking to trade Binance USD should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Binance USD using one of the exchanges listed above.

BUSD/USD price chart by TradingView