Binance USD (BUSD) Price Tops $1.00 on Major Exchanges

Binance USD (BUSD) traded 0.1% higher against the dollar during the twenty-four hour period ending at 14:00 PM Eastern on November 6th. One Binance USD token can currently be bought for approximately $1.00 or 0.00001324 BTC on major exchanges. Binance USD has a market cap of $68.34 million and approximately $13.06 million worth of Binance USD was traded on exchanges in the last day. In the last seven days, Binance USD has traded 0.1% higher against the dollar.

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

• 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 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 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded up 7.8% against the dollar and now trades at $75,236.48 or 0.99432703 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 6.2% higher against the dollar and now trades at $74,011.09 or 0.97813223 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Binance USD

Binance USD’s launch date was September 10th, 2019. Binance USD’s total supply is 68,223,481 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.”

Binance USD Token Trading

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

BUSD/USD price chart by TradingView