Binance USD (BUSD) Hits Market Capitalization of $8.22 Billion

Binance USD (BUSD) traded down 0.2% against the U.S. dollar during the 1-day period ending at 19:00 PM Eastern on March 18th. Binance USD has a total market capitalization of $8.22 billion and $7.96 billion worth of Binance USD was traded on exchanges in the last 24 hours. One Binance USD token can currently be purchased for about $1.00 or 0.00003694 BTC on popular exchanges. During the last week, Binance USD has traded 0.2% lower against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded down 10.2% against the dollar and now trades at $0.41 or 0.00001514 BTC.
• Aidi Finance (BSC) (AIDI) traded up 1.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 1.3% lower against the dollar and now trades at $0.0671 or 0.00000249 BTC.
• CareCoin (CARES) traded 1.3% lower against the dollar and now trades at $0.0833 or 0.00000309 BTC.
• OmniaVerse (OMNIA) traded 32.7% higher against the dollar and now trades at $0.0011 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded 1.3% lower against the dollar and now trades at $99.57 or 0.00369466 BTC.
• FEG Token (FEG) traded 1.3% lower against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded 0.7% lower against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded 1.3% lower against the dollar and now trades at $7,237.20 or 0.26854095 BTC.
• Lego Coin (LEGO) traded 22.2% higher against the dollar and now trades at $0.0171 or 0.00000063 BTC.

About Binance USD

Binance USD was first traded on September 10th, 2019. Binance USD’s total supply is 8,224,923,986 tokens. 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. Binance USD’s official website is www.binance.com/en/busd.

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.”

Buying and Selling Binance USD

It is usually not presently possible to buy alternative cryptocurrencies such as Binance USD directly using US dollars. Investors seeking to acquire Binance USD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Binance USD using one of the aforementioned exchanges.

BUSD/USD price chart by TradingView