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What is BUSD (BUSD)?

BUSD basic info

Name:BUSD

Ticker:

BUSDBuy now

Introduction:

What Is Binance USD?

Binance USD (BUSD) is a stablecoin issued by one of the world's leading cryptocurrency exchanges, Binance. Binance USD was launched in September 2019 as a collaborative effort between Binance and Paxos Trust Company. Paxos is a New York State-chartered trust company and it also acts as the USD custodian and issuer of Binance USD. Moreover, the issuance and redemption of BUSD is regulated and approved by the New York State Department of Financial Services (NYDFS), adding an extra layer of credibility and security to the token.

The goal of Binance USD and other stablecoins is to provide the benefits of digital currencies - like fast, cheap, and programmable transactions - without the price volatility that typically accompanies cryptocurrencies. This makes them ideal for use cases that require stability, such as payments, remittances, and trading pairs on crypto exchanges.

Binance USD is available on multiple blockchain platforms, including Ethereum, BNB Chain, Avalanche, Polygon and more.

Resources

Official website: https://www.binance.com/en/busd

How Does Binance USD Work?

In operation, Binance USD works like any other cryptocurrency. It utilizes blockchain technology to enable peer-to-peer transactions. But unlike Bitcoin or Ethereum, its value doesn't fluctuate against USD, providing users with stability.

Users can buy and redeem BUSD 1:1 against USD directly through Paxos. Once obtained, BUSD can be traded on the Binance exchange and other platforms that support it, used for transaction purposes, or held as a store of value. Additionally, owing to its stable nature, BUSD often acts as a safe haven asset within the crypto market during periods of high volatility.

Use Cases of Binance USD

Binance USD (BUSD) is a 1:1 USD-backed stablecoin, offering a stable market value and low-volatility asset. Here are its key use cases:

- Trading and Liquidity: BUSD provides top liquidity across various trading pairs and platforms, with zero maker fees and transaction fees for certain trading pairs. It also acts as a liquidity gateway for newly-listed tokens on Binance.

- Earning Opportunities: By staking BUSD on Binance, holders can earn a range of Annual Percentage Yields (APYs). BUSD holders can also participate in Binance Launchpad projects.

- NFTs and Advanced Trading: BUSD provides access to the NFT marketplace and advanced trading options like Margin Trading and Binance Futures.

- Liquidity Farming and DeFi: BUSD is commonly used in liquidity pairs and is gradually taking the lead in decentralized finance (DeFi) applications.

- Easy Purchase and Redemption: BUSD is fully redeemable with the US dollar and can be easily purchased and withdrawn via the SWIFT network.

What Determines Binance USD's Price?

Understanding the factors that determine the Binance USD Price (BUSD) is crucial for both traders and investors in the cryptocurrency market. One of the primary elements affecting the BUSD Current Value is its 1:1 peg to the U.S. dollar. This pegged value is maintained by reserves held by Binance and Paxos, ensuring that the BUSD to USD Rate remains stable—making it a reliable asset in the volatile crypto market.

Regular audits and compliance with regulatory standards, such as oversight by the New York State Department of Financial Services (NYDFS), further solidify the BUSD Stability Analysis. These audits confirm that each BUSD token is backed by an equivalent amount of U.S. dollars, offering a transparent look into the BUSD Real-Time Price and its BUSD Historical Data.

The Binance USD Exchange Rate is also influenced by its BUSD Trading Volume and liquidity. These are significantly high due to its listing on major cryptocurrency exchanges, including Binance itself. The Binance USD Market Cap, which has witnessed exponential growth, adds another layer to its stability and Binance USD Adoption Rate.

The smart contract technology underpinning BUSD, primarily based on the Ethereum blockchain and also supporting Binance's BEP-2 standard, allows for seamless conversions and interoperability. This adds to its liquidity and trading volume, making it even more robust. This technological backbone also offers various use-cases like yield farming and participation in liquidity pools, which can indirectly affect the Binance USD Future Price by driving demand.

BUSD Price Trends also benefit from a wide range of trading pairs on cryptocurrency exchanges. From the BUSD/USD Pair to crypto pairs like BTC/BUSD and ETH/BUSD, the diversity of trading options bolsters its Adoption Rate and, by extension, its Market Cap. Additionally, the stablecoin offers Binance USD Arbitrage Opportunities, further increasing its trading volume.

As more platforms accept BUSD and as it discovers more use-cases, particularly in the DeFi space, Binance USD Price Prediction becomes increasingly positive, although it's designed to be stable.

The Binance USD Current Value is primarily determined by its 1:1 peg to the U.S. dollar and is backed by a robust framework of regulatory compliance, smart contract technology, and high liquidity. Whether you're looking into How to Buy Binance USD or are interested in Binance USD Price Analysis for trading, understanding these key factors is essential.

Conclusion

Overall, Binance USD represents an important innovation in the world of cryptocurrencies. As a regulated and trusted stablecoin, it provides an effective solution to the price volatility of cryptocurrencies and has been able to find its own unique space in the ever-evolving digital currency landscape. It is expected that its significance will continue to grow as more individuals and businesses start to adopt stablecoins for daily transactions and as a store of value.

Current price:

$1More price details

All-time high:$1.11

All-time low:$0.8861

BUSD supply and tokenomics

Circulating supply:68,223,480 BUSD

Total supply:68,223,480.92 BUSD

Max supply:0 BUSD

Market cap:$68.29M

Fully diluted market cap:$68.29M

Tokenomics:

Uniqueness

The primary risk of stablecoins is that many of them aren’t fully backed by reserve currencies. $BUSD is always backed 100% by cash reserves without any leverage. And the reserve is made by cash and cash equivalents. While $BUSD is fully collateralized, its issuer, Paxos, provides a transparent process for minting and burning $BUSD tokens. In addition, $BUSD reserves are regularly attested by a trusted auditor to ensure users can access the collateral that backs $BUSD whenever needed.

Furthermore, $BUSD commits to high standards, including working with regulators to maintain a license and be fully regulated. Paxos, a partner of Binance, issues $BUSD. Paxos, as the issuer, and the $BUSD stablecoin, are regulated by the New York State Department of Financial Services (NYDFS), a leading regulator in this area. $BUSD is also green-listed by the NYDFS, making it pre-approved for custody and trading by any of the NYDFS’ virtual currency licensees.

Lastly, $BUSD offers users the highest levels of safety, protection, and security. In addition to being regulated by the NYDFS, $BUSD is subject to the New York Banking Law. That law states that if Paxos Trust becomes insolvent, it will not go through the standard bankruptcy procedures like other companies. Instead, the Superintendent of NYDFS would return assets held in custody by Paxos Trust to their rightful owners. Paxos Trust holds customer assets safely separated from corporate funds as a qualified custodian.

Token utility

Based on the price stability, Stablecoin plays an important role in transactions, payments and settlement, and Decentralised Finance (DeFi).

Here are some of the BUSD use cases:

Transfer your digital dollars (BUSD) anywhere in minutes, with low cost and on the blockchain.
Trade BUSD on different exchanges and DEX.
Deposit BUSD to earn an interest rate.
Pay BUSD as payment for goods and services.
Use BUSD as collateral and loan asset.
Use BUSD as cross collateral in Futures.

Links

Website:https://www.binance.com/en/busd

X:https://twitter.com/binance

GitHub:https://github.com/paxosglobal/busd-contract

Buy BUSD for $1Buy BUSD now

What is the development prospect and future value of BUSD?

The market value of BUSD currently stands at $68.29M, and its market ranking is #523. The value of BUSD is not widely recognized by the market. When the bull market comes, the market value of BUSD may have great growth potential.

As a new type of currency with innovative technology and unique use cases, BUSD has broad market potential and significant room for development. The distinctiveness and appeal of BUSD may attract the interest of specific groups, thereby driving up its market value.

What will the price of BUSD be in 2025?

Based on BUSD's historical price performance prediction model, the price of BUSD is projected to reach $1.32 in 2025.

What will the price of BUSD be in 2030?

In 2030, the BUSD price is expected to change by -7.00%. By the end of 2030, the BUSD price is projected to reach $1.19, with a cumulative ROI of +19.12%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of BUSD and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

BUSD price BUSD price prediction BUSD news

Is BUSD worth investing or holding? How to buy BUSD from a crypto exchange?

If you want to buy BUSD, the following information may be helpful for your investment decisions:

In the last 7 days, the price of BUSD has fallen by -0.06%, leading to negative returns for most BUSD investors. The market is currently pessimistic about the price trend of BUSD.

It is important to note that the current price of BUSD has retreated by -9.54% from its all-time high. This coin is currently considered low-risk, and its price is likely to reach new all-time highs. However, be mindful of significant pullbacks if the trading volume is huge.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether BUSD is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in BUSD or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of BUSD, if you want to buy or sell BUSD, you can consider Bitget for your trading needs. The best place to buy BUSD is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in BUSD has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy BUSD. Here's a step-by-step guide on how to buy BUSD on Bitget.

Buy BUSD now Coin buying guide

How to get BUSD through other methods？

Using cash to buy BUSD is not the only way to obtain BUSD. If you have the time to spare, you can get BUSD for free.

Learn how to earn BUSD for free through the Learn2Earn promotion.

Earn free BUSD by inviting friends to join Bitget's Assist2Earn promotion.

Receive free BUSD airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to BUSD through Bitget Convert, Bitget Swap, or spot trading.

What is BUSD used for and how to use BUSD?

The use case of BUSD may expand as the crypto market and the project itself develop. Currently, you can use BUSD to achieve the following goals:

Arbitrage by trading BUSD: Since BUSD is a frequently traded cryptocurrency, the price of BUSD is always fluctuating. Earn more BUSD by buying low and selling high on the exchange. Bitget spot market provides a variety of BUSD trading pairs to fully meet your needs.

Earn by staking BUSD: You can also generate income through financial management methods such as staking BUSD or lending BUSD. Bitget Earn offers a variety of financial products designed to help you earn more income from your BUSD.

Send or pay BUSD: If you want to give BUSD to your friends, a charity, or a fundraiser, or you want to pay someone with BUSD, you can quickly and easily send BUSD to the recipient through their payment address.

You can also go to the official website of the BUSD project to learn more about the use cases of BUSD. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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