Binance USD (BUSD) Price Hits $1.00 on Exchanges

Binance USD (BUSD) traded up 0% against the US dollar during the 24 hour period ending at 21:00 PM Eastern on September 22nd. Over the last week, Binance USD has traded 0% lower against the US dollar. One Binance USD coin can currently be bought for approximately $1.00 or 0.00005175 BTC on exchanges. Binance USD has a total market capitalization of $20.53 billion and $9.52 billion worth of Binance USD was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed over the last day:

  • BITCOIN ADDITIONAL (BTCA) traded 1.8% higher against the dollar and now trades at $19,328.14 or 0.99974003 BTC.
  • Toncoin (TON) traded 8% higher against the dollar and now trades at $1.47 or 0.00007626 BTC.
  • Mammoth (MMT) traded 4.8% lower against the dollar and now trades at $0.93 or 0.00004821 BTC.
  • Geegoopuzzle (GGP) traded up 0.8% against the dollar and now trades at $11.58 or 0.00059908 BTC.
  • Quantum (QUA) traded up 1.5% against the dollar and now trades at $2.07 or 0.00010685 BTC.
  • Theta Network (THETA) traded 5.4% higher against the dollar and now trades at $1.14 or 0.00005890 BTC.
  • TrueUSD (TUSD) traded up 0% against the dollar and now trades at $1.00 or 0.00005173 BTC.
  • Axie Infinity (AXS) traded up 1.8% against the dollar and now trades at $12.35 or 0.00063874 BTC.
  • VRES (VRS) traded down 7.6% against the dollar and now trades at $0.38 or 0.00001957 BTC.
  • OKB (OKB) traded up 0.1% against the dollar and now trades at $15.01 or 0.00077620 BTC.

About Binance USD

Binance USD is a coin. Its launch date was September 10th, 2019. Binance USD’s total supply is 20,517,253,085 coins. Binance USD’s official message board is medium.com/Paxos. Binance USD’s official Twitter account is @PaxosGlobal and its Facebook page is accessible here. Binance USD’s official website is www.paxos.com/busd.

According to CryptoCompare, “Binance USD (BUSD) is a stable coin pegged to USD that has received approval from the New York State Department of Financial Services (NYDFS). BUSD will be available for direct purchase and redemption at a rate of 1 BUSD = 1 USD. Starting September 12, 2019, BUSD will be available on the Paxos platform for direct purchase and redemption 1:1 for U.S. dollars or PAX. Later in September it will become available on Binance.com for trading initially against BTC, BNB and XRP and more to come.  BUSD is now available for purchase and redemption on the Paxos platform. In order to get BUSD through Paxos, you need to be a verified customer. You can either deposit PAX or deposit dollars by wire from a bank account. “

Buying and Selling Binance USD

It is usually not 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 Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Binance USD using one of the aforementioned exchanges.

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