Binance USD Achieves Market Cap of $17.92 Billion (BUSD)

Binance USD (BUSD) traded down 0% against the U.S. dollar during the 1-day period ending at 20:00 PM ET on August 5th. One Binance USD coin can now be purchased for $1.00 or 0.00004295 BTC on major exchanges. Binance USD has a total market cap of $17.92 billion and approximately $5.48 billion worth of Binance USD was traded on exchanges in the last day. Over the last seven days, Binance USD has traded 0.1% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last day:

  • BITCOIN ADDITIONAL (BTCA) traded 2.8% higher against the dollar and now trades at $23,279.79 or 0.99990000 BTC.
  • Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Dai (DAI) traded up 0% against the dollar and now trades at $1.00 or 0.00004296 BTC.
  • Polygon (MATIC) traded up 3.4% against the dollar and now trades at $0.92 or 0.00003966 BTC.
  • Mammoth (MMT) traded down 4.6% against the dollar and now trades at $0.85 or 0.00003630 BTC.
  • yOUcash (YOUC) traded 0% lower against the dollar and now trades at $0.51 or 0.00002196 BTC.
  • FTX Token (FTT) traded up 5.8% against the dollar and now trades at $30.86 or 0.00132540 BTC.
  • Chainlink (LINK) traded 6.7% higher against the dollar and now trades at $7.86 or 0.00033746 BTC.
  • Geegoopuzzle (GGP) traded down 4% against the dollar and now trades at $14.65 or 0.00062903 BTC.
  • Decentraland (MANA) traded 7% higher against the dollar and now trades at $1.07 or 0.00004586 BTC.

Binance USD Coin Profile

Binance USD (BUSD) is a coin. Its genesis date was September 10th, 2019. Binance USD’s total supply is 17,921,636,048 coins. Binance USD’s official website is www.paxos.com/busd. 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.

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 currently possible to buy alternative cryptocurrencies such as Binance USD directly using U.S. dollars. Investors seeking to trade Binance USD should first buy Ethereum or Bitcoin using an exchange that deals in U.S. 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.

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