Binance USD (BUSD) is not tradable on Coinbase.
Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more
Binance USD is on the rise this week. ↗
The price of Binance USD has decreased by 0.01% in the last hour and decreased by 0.03% in the past 24 hours. Binance USD’s price has also risen by 0.02% in the past week. The current price is $1.00 per BUSD with a 24-hour trading volume of $2.55M. Currently, Binance USD is valued at 33.32% below its all time high of $1.50. This all-time high was the highest price paid for Binance USD since its launch.
The current circulating supply of Binance USD is 57,893,540.004 BUSD which means that Binance USD has as total market cap of $57,906,400.99.
Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
$57,906,400.99
Popularity
#441
Circulating
$57,893,540.00
Max Supply
Not enough data
Hold time
Not enough data
Volume (24h)
$2,547,360.15
↘ 9.85%
Volume (30D)
$70,425,237.80
Volume (7D)
$11,300,777.70
All time high
$1.50
Performance (1Y)
↗ 0.05%
Vs. Market (1Y)
↘ 16.23%
Vs. BTC (1Y)
↘ 25.17%
Vs. ETH (1Y)
↗ 89.02%
Binance USD (BUSD) is a stablecoin running on Ethereum. For stablecoins like BUSD, the company behind the protocol is responsible for holding reserves that fully back each token. The companies behind BUSD, Binance and Paxos, claim that each BUSD token is backed by and corresponds to one dollar held in traditional bank accounts. Note: Coinbase only supports BUSD on the Ethereum blockchain (ERC-20).
Binance USD launched on Coinbase on April 27, 2022 at 7:42 PM
Networks and tags
stablecoin
asset-backed-stablecoin
binance-chain
usd-stablecoin
alleged-sec-securities
fiat-stablecoin
Binance USD (BUSD) is a digital fiat currency that is backed 1:1 by the US dollar. It was introduced on September 5, 2019, with the intention of merging the consistency of the dollar with the innovative technology of blockchain. BUSD is issued by a certain entity in collaboration with Paxos and is approved and regulated by the New York State Department of Financial Services (NYDFS). It is issued as an ERC-20 token and also supports BEP-2. The reserves backing BUSD are held in fiat cash in dedicated omnibus accounts at insured U.S. banks and/or are allocated to U.S. Treasury bills.
BUSD operates on the Ethereum blockchain and is issued by Paxos Trust Company in collaboration with a certain entity. It can be issued and redeemed without additional fees. This entity also offers a wrapped BUSD token (Entity-Peg) on BNB Chain. The reserves backing BUSD are held in either fiat cash in dedicated omnibus accounts at insured U.S. banks or are allocated to U.S. Treasury bills. As of June 30, 2022, 96% of the assets backing BUSD were held in cash and cash equivalents, while 4% were allocated to U.S. Treasury bills.
BUSD, with its price consistency, aims to play a crucial role in transactions, payments, settlement, and Decentralized Finance (DeFi). It aims to be transferred anywhere in minutes, in a cost-effective manner and on the blockchain. BUSD can be traded on various platforms and Decentralized Exchanges (DEX). It can be deposited for potential compensation, used as payment for goods and services, used as collateral and loan asset, used as cross collateral in Futures, and stored on a digital platform or in a wallet.
BUSD was introduced on September 5, 2019, by a certain entity in collaboration with Paxos. It was approved and regulated by the New York State Department of Financial Services (NYDFS). The BUSD ecosystem saw growth in 2021, with its market capitalization increasing from around US$1B at the start of the year to over US$14.6B by the end of the year. In April 2022, this entity allocated $2.5 million in BUSD through its charity organization to USA for UNHCR, a UN refugee agency, marking the agency’s first stablecoin crypto allocation.
We update our Binance USD to USD currency in real-time. Get the live price of Binance USD on Coinbase.
The current market cap of Binance USD is $57.91M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Binance USD is $1.50. This all-time high is highest price paid for Binance USD since it was launched.
Over the last 24 hours, the trading volume of Binance USD is $2.55M.
Assets that have a similar market cap to Binance USD include Kyber Network, Act I : The AI Prophecy, Osaka Protocol, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Binance USD is 58 million.
Binance USD ranks 199 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Date | Price | Change |
|---|---|---|
Today (April 14, 2025) | $1.00 | -0.03% |
24 hours ago (April 13, 2025) | $1.00 | -0.03% |
1 week ago (April 7, 2025) | $1.00 | +0.02% |
1 month ago (March 14, 2025) | $1.00 | +0.01% |
1 year ago | $1.00 | +0.05% |
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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