Worldcoin phases out USDC for WLD rewards, signaling a pivotal move since its July introduction. A bold move or a misstep?
Learn more about BUSD
Table of Content
BUSD (BUSD) price has declined today.
BUSD (BUSD) is priced at $1.00 today, with a 24-hour trading volume of $13,709,973.64. It is reflecting a 0.00% decline over the last 24 hours and a 0.10% increase over the past 7 days. With a circulating supply of 70.51 Million BUSD, BUSD’s current market cap is at $70,518,105.88.
What is BUSD?
Binance USD (BUSD) is a digital token equal in value to the USD, created together by Binance and Paxos. The New York State’s financial department approves and watches over it.
Then, starting from 5 Sep 2019, BUSD mixed the trust of the dollar with new technology features. This coin is like a digital dollar and uses both ERC-20 and BEP-2.
BUSD Use Case
Given its price consistency, Stablecoin is pivotal in deals, financial exchanges, and decentralized finance (DeFi).
Some applications of BUSD include:
- Send your digital USD (BUSD) globally in moments, affordably, and through the blockchain.
- Trade BUSD across various platforms and DEX.
- Deposit BUSD to gain interest.
- Use BUSD for purchasing items and services.
- Employ BUSD as collateral and for borrowing.
- Utilize BUSD for cross-collateral in futures.
- Keep BUSD on platforms or digital wallets.
BUSD Ecosystem
In 2021, BUSD grew a lot. It began the year near $1B in value and jumped to $14.6B by the end of the year.
As a result, it became the third most valuable stablecoin, behind only Tether and USDC. This growth happened because more people started using it and supporting it.
BUSD and Philanthropy
In April 2022, Binance gave $2.5 million in BUSD to the USA for UNHCR, a group helping UN refugees.
Following this, it became the organization’s first time giving money through this kind of digital currency. This move highlighted how digital money can be used to help and back worthy causes.
How can you obtain BUSD?
BUSD is available on exchange platforms like:
Most Used
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Binance is a great combination of low fees, deep liquidity and multiple cryptocurrencies and trading pairs. We have tested every aspect of it and it STILL holds its reign as the top exchange in the world. In our view, it is the perfect crypto exchange for both newbies and advanced traders alike.
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Biggest exchange in the world.
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Industry's lowest trading fees.
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Advance trading options like leverage trading.
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600+ crypto options, 150+ for the US.
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Lucrative on-site staking options.
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Hiccups in account verification.
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Less regulated than some competitors.
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The corporate structure is not transparently.
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Bybit is a leading futures trading platform globally, offering up to 100x leverage and attracting users who prefer to remain anonymous. With a presence in 180+ countries, it is renowned for its efficiency and unique features in cryptocurrency derivatives trading.
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The platform offers up to 100x leverage trading.
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Strong educational resources.
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Diverse markets for traders, spot, perp, and futures.
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Risk-free demo accounts to explore all key features.
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TradingView integration.
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The platform is difficult for beginners to navigate.
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It does not offer a quality spot trading feature.
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The NFT marketplace is limited in terms of options.
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Security is of the gold industry standard.
Coinweb’s Crypto Wiki can provide educational resources for those new to cryptocurrencies and interested in purchasing BUSD.
BUSD is a digital token made by Binance and Paxos. It has the same value as the USD, and the New York State's financial department looks after it.
You can use BUSD to send money worldwide quickly, trade on different platforms, earn interest by depositing it, buy things, and use it as collateral for borrowing.
Yes, in 2021, BUSD grew a lot. It jumped from near $1B to $14.6B in value and became the third most valuable stablecoin.
Yes, in April 2022, Binance donated $2.5 million in BUSD to UNHCR, a group helping UN refugees, marking a notable charitable use of the digital currency.
You can get BUSD on exchange platforms like Binance and Bybit.
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