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BUSD Stock

BUSD

BUSD

Price

1.00
Today +/-
+0
Today %
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BUSD Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BitspayBUSD/BNB1.011.63 M1.41 M14.16 M2.16cex5994/26/2025, 2:51 PM
BitspayTRX/BUSD0.2593,679.7371,860.3411.94 M1.82cex4154/26/2025, 2:51 PM
BitspayBNB/BUSD606.71182,179.22195,363.2410.68 M1.63cex4764/26/2025, 2:51 PM
BitspayBUSD/ETH1107,269.1679,188.418.3 M1.26cex4334/26/2025, 2:51 PM
BitspayOMG/BUSD0.21130,499.18135,991.075.85 M0.89cex4234/26/2025, 2:51 PM
BitspayETC/BUSD17.02154,876.73265,108.764.69 M0.71cex4474/26/2025, 2:51 PM
BitspayXRP/BUSD2.21362,312.91263,163.714.59 M0.7cex4394/26/2025, 2:51 PM
BitspayBCH/BUSD359.7586,205.24152,317.523.59 M0.55cex3944/26/2025, 2:51 PM
BitspayBUSD/USDC160,338.5561,570.183.49 M0.53cex4044/26/2025, 2:51 PM
BitspayLTC/BUSD100.97252,104.09190,241.251.25 M0.18cex4444/26/2025, 2:51 PM
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BUSD FAQ

What is BUSD? BUSD, or Binance USD, is a stablecoin issued by Binance in partnership with Paxos. It is designed to maintain a stable value pegged to the US dollar, offering traders and investors a low-volatility digital asset. BUSD is regulated by the New York State Department of Financial Services (NYDFS) and provides users with a reliable option for trading, lending, and borrowing within the cryptocurrency ecosystem. For comprehensive market data and insights regarding BUSD, please refer to Eulerpool.

Binance USD (BUSD) is a stablecoin backed 1:1 by the USD, issued in collaboration between Binance and Paxos. It is approved and regulated by the New York State Department of Financial Services (NYDFS). The official website provides access to the BUSD Monthly Audit Report. Launched on September 5, 2019, BUSD seeks to combine the stability of the US dollar with blockchain technology. It is a digital fiat currency, issued as ERC-20 and supporting BEP-2. For more detailed information, please refer to Eulerpool.

How can one purchase BUSD?

BUSD can be purchased from exchanges. For the most recent list of exchanges and trading pairs for this cryptocurrency, refer to our market pairs tab (https://eulerpool.com/currencies/binance-usd/markets). You can buy and redeem BUSD from Paxos: (https://www.paxos.com/busd/). BUSD is entirely backed by reserves held in either or both (i) fiat cash in dedicated omnibus accounts at insured U.S. banks and/or (ii) U.S. Treasury bills (including through repurchase agreements and/or money market funds invested in U.S. Treasury bills). BUSD has received approval from the New York State Department of Financial Services (NYDFS). It is issued by Paxos Trust Company, LLC (Paxos) in partnership with Binance and can be issued and redeemed without any extra fee. Paxos issues BUSD on the Ethereum blockchain. Additionally, Binance offers a wrapped BUSD token (Binance-Peg) on the BNB Chain. Please note: Binance-Peg BUSD is a Binance product; it is not issued by Paxos nor is it regulated by the New York State Department of Financial Services.

BUSD Utilization

Stablecoins, such as BUSD, play a crucial role in transactions, payments, settlement, and Decentralized Finance (DeFi) due to their price stability. Below are several use cases for BUSD: - Transfer your digital dollars (BUSD) across the globe in minutes, with minimal costs, leveraging blockchain technology. - Engage in trading BUSD on various exchanges and decentralized exchanges (DEXs). - Deposit BUSD to earn interest. - Utilize BUSD for payments of goods and services. - Employ BUSD as collateral for loans. - Use BUSD as cross collateral in futures markets. - Safely store BUSD on an exchange or in a digital wallet.

BUSD Ecosystem

The BUSD ecosystem experienced significant growth in 2021. The stablecoin's market capitalization surged from approximately USD 1 billion at the beginning of 2021 to over USD 14.6 billion by the end of the year. This positions BUSD as the third largest stablecoin by market capitalization, following Tether and USDC. This expansion is primarily attributed to increased user adoption as various wallets, platforms, services, decentralized exchanges (DEXes), and centralized exchanges (CEXes) support BUSD. For individuals interested in yield farming and lending BUSD, it is accessible on centralized platforms such as Binance, Blockfi, and Celsius, among others. Additionally, leading DeFi protocols like Venus, Aave, and yearn.finance offer opportunities for users to earn yield on their BUSD holdings. A comprehensive overview of the BUSD ecosystem can be found on Eulerpool.

Paxos Discloses Assets Supporting BUSD

In response to the TerraUSD incident, several stablecoin issuers have taken steps to disclose the assets supporting their coins. As of June 30, 2022, Paxos reported that 96% of the assets backing Binance USD were held in cash and cash equivalents, while 4% were invested in U.S. Treasury bills. The company's cash balances are maintained in U.S.-insured depository institutions, and the cash equivalents are comprised of "U.S. Treasury bills with maturities of three months or less, or overnight repurchase agreements, overcollateralized by U.S. Treasury instruments."

BUSD and Philanthropy

In April 2022, Binance contributed $2.5 million in BUSD through its charitable organization to USA for UNHCR, a UN refugee agency. This marked the agency’s first donation in the form of stablecoin cryptocurrency. The initiative highlighted the potential of cryptocurrency in facilitating fundraising efforts and supporting humanitarian aid.

Investors interested in BUSD are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.