Binance USD Price Tops $1.00 on Top Exchanges (BUSD)

Binance USD (BUSD) traded 0.1% higher against the dollar during the 1 day period ending at 16:00 PM E.T. on November 17th. One Binance USD token can currently be bought for $1.00 or 0.00002750 BTC on major exchanges. Binance USD has a total market cap of $1.81 billion and $509.83 million worth of Binance USD was traded on exchanges in the last day. During the last week, Binance USD has traded 0% lower against the dollar.

Here is how related cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded 9.3% higher against the dollar and now trades at $0.43 or 0.00001195 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• OmniaVerse (OMNIA) traded down 1.5% against the dollar and now trades at $0.0008 or 0.00000002 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded up 0% against the dollar and now trades at $0.0049 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 1% against the dollar and now trades at $0.0085 or 0.00000023 BTC.

About Binance USD

Binance USD’s launch date was September 10th, 2019. Binance USD’s total supply is 1,813,020,989 tokens. 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. The official message board for Binance USD is coinmarketcap.com/community/profile/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.”

Binance USD Token Trading

It is usually not currently 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 Gemini, Coinbase or Changelly. 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