Binance USD (BUSD) Price Reaches $1.00 on Exchanges

Binance USD (BUSD) traded 0% higher against the U.S. dollar during the 24 hour period ending at 14:00 PM Eastern on August 9th. One Binance USD coin can currently be purchased for about $1.00 or 0.00004340 BTC on major cryptocurrency exchanges. During the last seven days, Binance USD has traded up 0% against the U.S. dollar. Binance USD has a total market cap of $17.82 billion and approximately $5.44 billion worth of Binance USD was traded on exchanges in the last 24 hours.

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

  • BITCOIN ADDITIONAL (BTCA) traded 3.5% lower against the dollar and now trades at $23,067.73 or 1.00000000 BTC.
  • Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Dai (DAI) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00004339 BTC.
  • Polygon (MATIC) traded down 4.4% against the dollar and now trades at $0.88 or 0.00003836 BTC.
  • Mammoth (MMT) traded down 0.3% against the dollar and now trades at $1.00 or 0.00004330 BTC.
  • yOUcash (YOUC) traded up 0% against the dollar and now trades at $0.51 or 0.00002219 BTC.
  • Chainlink (LINK) traded up 1.3% against the dollar and now trades at $8.73 or 0.00037876 BTC.
  • FTX Token (FTT) traded down 6.2% against the dollar and now trades at $29.72 or 0.00128927 BTC.
  • Geegoopuzzle (GGP) traded 9.7% lower against the dollar and now trades at $14.79 or 0.00064128 BTC.
  • Magic Internet Money (MIM) traded 0.2% higher against the dollar and now trades at $1.00 or 0.00004329 BTC.

Binance USD Profile

BUSD is a coin. Its launch date was September 10th, 2019. Binance USD’s total supply is 17,811,195,184 coins. Binance USD’s official Twitter account is @PaxosGlobal and its Facebook page is accessible here. Binance USD’s official message board is medium.com/Paxos. The official website for Binance USD 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. “

Binance USD Coin Trading

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

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