The $BUSD coin directly and always reflects the value of $1 - its stable value is what makes this a stablecoin. The token was created by Binance, one of the largest exchanges for buying and holding cryptocurrencies. Since prices of cryptocurrencies fluctuate so much, many investors look at coins like $BUSD as a way to stabilize their portfolio. The token is backed 1:1 with the United States Dollar, is regulated by the New York State Department of Financial Services & audited monthly.
Stablecoins, like BUSD, allow holders to use their dollars on the blockchain. While the value of these stablecoins does not change, the amount of reasons someone might want a stable coin are only growing. Current popular use cases include: moving dollars instantly without the delays of today’s financial system, earning interest on deposited coins & using the coins as payments for goods and services.
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Binance USD is aon its own,uses to validate transactions,and is.Binance USD also supports.
Interesting facts about Binance USD
Here are some facts you may not already know about Binance USD. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
BUSD was created by Binance, the largest cryptocurrency exchange in the world
Owners of stablecoins, like BUSD, can use their coins as digital dollars on the blockchain
Binance USD is one of the most prominent stablecoins in the market today.
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Binance USD price and insights
See how much Binance USD is worth and learn from other insightful metrics
-0% past 1 week
Based on 1 community reviews
Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
# Discord members -
# Telegram members -
% of total supply circulating Very small
What’s the community like?
Community matters for projects like Binance USD, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.