- Busd Crypto is currently trading at the price of $1.00 with a volume of $577.1 million.
- The current market cap of the BUSD is $1.02 Billion.
Aiming for equilibrium in the crypto world? Look no further than Binance USD also known as BUSD, a reliable stablecoin tethered to the US dollar. Think of it as a digital piggy bank, backed by real dollars held in addition. Paxos, the brains after the operation, issues BUSD under the watchful eye of New York’s financial regulators. They even issue monthly reports to demonstrate every BUSD is supported by a real greenback, sitting snugly in insured banks, T-bills, or money market funds.
BUSD comes in two versions original on Ethereum and the other one is a Binance-branded version on their own BNB Chain. Both stay true to the dollar, thanks to Paxos’ ability to swap BUSD for actual USD (and vice versa). If the price ever strays, clever traders swoop in, buying low and selling high, restoring the balance. So, whether you’re seeking a safe haven in the crypto storm or a trusty tool for everyday transactions, BUSD offers a stable, regulated option for your digital journey.
Uses of BUSD Crypto
BUSD acts as your steady anchor, a stablecoin tethered to the US dollar. It’s like a digital safe haven, available on both Ethereum and BNB Chain, letting you navigate the market’s ebbs and flows with peace of mind.
Beyond just riding out the waves, BUSD unlocks a world of possibilities:
Hedge against volatility: Ditch the sweaty palms and protect your crypto investments from wild swings by holding BUSD.
Price-peg perfection: Whether you’re launching a stablecoin project or building a DeFi app, BUSD’s rock-solid peg offers a reliable reference point.
Borderless banking: Send money across continents in a flash, ditching the hefty fees and slow transfers of traditional banks. Crowdfunding projects and creating everyday investments become a breeze with BUSD’s multinational reach.
Financial independence at your fingertips: Access loans, gain interest, and experience in other financial services, all without needing a bank account or getting bogged down by paperwork.
BUSD empowers you to take control of your finances, breaking free from geographical and institutional constraints. It’s a passport to a borderless, permissionless financial future, all wrapped up in a stable, secure package.
Price Overview of BUSD Crypto
According to CoinGecko BUSD is trading at $1.00 and 24-hour volume is $577.1 million. It shows a slight drop of -0.10% in daily and weekly price movements. BUSD has a total supply of 1 Billion tokens, of which all are in circulation. That gives it a market cap of $1.02 billion and a rank of #68 on CoinGecko.
The 24-hour volume of BUSD crypto has decreased by -50.20% from the previous trading session, demonstrating a lower level of market movement. The highest price that BUSD crypto has ever advanced is $1.15, which occurred on March 13, 2020, nearly 4 years ago. The current price is -13.50% below that record. The lowest price that BUSD crypto
has ever seen is $0.901127, which occurred on May 19, 2021, over 2 years ago. The present price is 10.70% beyond that base.
The fully diluted valuation of BUSD crypto is $1.02 billion. It is the theoretical maximum value of the token, assuming all 1 Billion tokens are in the market.
Conclusion
BUSD is a stablecoin that seeks to deliver a stable, secure, and regulated opportunity for the crypto world. It is supported by real dollars held by Paxos, a trust company that works under the supervision of New York’s financial regulators. BUSD has two versions: one on Ethereum and one on BNB Chain, both of which can be exchanged for USD at any period.
BUSD offers various advantages, such as hedging against volatility, delivering a price-peg reference, allowing borderless banking, and facilitating financial independence. It is currently trading at $1.00 with a 24-hour volume of $577.1 million and a market cap of $1.02 billion, as of December 22, 2023.
