Binance USD Market Capitalization Achieves $17.76 Billion (BUSD)

Binance USD (BUSD) traded 0% lower against the U.S. dollar during the 1 day period ending at 19:00 PM Eastern on May 14th. During the last seven days, Binance USD has traded 0.1% higher against the U.S. dollar. Binance USD has a total market cap of $17.76 billion and approximately $12.67 billion worth of Binance USD was traded on exchanges in the last 24 hours. One Binance USD coin can now be bought for about $1.00 or 0.00003336 BTC on exchanges.

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

  • BITCOIN ADDITIONAL (BTCA) traded up 1.9% against the dollar and now trades at $30,012.08 or 0.99955668 BTC.
  • Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Dai (DAI) traded 0.2% higher against the dollar and now trades at $1.00 or 0.00003335 BTC.
  • Polygon (MATIC) traded down 0.3% against the dollar and now trades at $0.68 or 0.00002260 BTC.
  • THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
  • FTX Token (FTT) traded 1.4% higher against the dollar and now trades at $31.42 or 0.00104645 BTC.
  • yOUcash (YOUC) traded down 0% against the dollar and now trades at $0.50 or 0.00001663 BTC.

Binance USD Coin Profile

Binance USD is a coin. It launched on September 10th, 2019. Binance USD’s total supply is 17,735,417,590 coins. Binance USD’s official website is www.paxos.com/busd. Binance USD’s official message board is medium.com/Paxos. Binance USD’s official Twitter account is @PaxosGlobal and its Facebook page is accessible here.

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 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, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Binance USD using one of the aforementioned exchanges.

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