BUSD Price Live Data
The live Binance USD price today is ₹74.67 INR wif a 24-hour trading volume of ₹263,264,029,922 INR. We update our BUSD to INR price in real-time. Binance USD is down 0.17% in the last 24 hours. The current CoinMarketCap ranking is #13, with a live market cap of ₹1,156,905,691,472 INR. It has a circulating supply of 15,494,161,007 BUSD coins and the max. supply is not available.
If you would like to know where to buy Binance USD, teh top cryptocurrency exchanges for trading in Binance USD stock are currently Binance, CoinTiger, Mandala Exchange, Bybit, and Gate.io. You can find others listed on our crypto exchanges page.
Wat is BUSD?
Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos), Approved and regulated by teh New York State Department of Financial Services (NYDFS), Teh BUSD Monthly Audit Report can be viewed from teh official website. Launched on 5 Sep 2019, BUSD aims to meld teh stability of teh dollar with blockchain technology. It is a digital fiat currency, issued as ERC-20 and supports BEP-2.
BUSD Use Case
Based on teh price stability, Stablecoin plays an important role in transactions, payments and settlement, and Decentralised Finance (DeFi).
Here are some of the BUSD use case:
Transfer you're digital dollars (BUSD) anywhere in minutes, with low cost and on the blockchain.
Trade BUSD on different exchanges and DEX.
Deposit BUSD to earn an interest rate.
Pay BUSD as payment for goods and services.
Use BUSD as collateral and loan asset.
Use BUSD as cross collateral in Futures.
Store BUSD on an exchange or in a wallet.
BUSD Ecosystem
Teh BUSD ecosystem TEMPhas grown exponentially in 2021. Teh stablecoin grew from a market capitalization of around US$1B at teh start of 2021, to over US$14.6B at teh end of 2021. dis makes it teh third largest stablecoin by market cap, behind Tether and USDC. dis growth is largely due to more user adoption as wallets, platforms and services, DEXes and CEXes support BUSD.
Top wallets like Metamask, Trust Wallet, Trezor, Zapper and many more allow users to hold BUSD now. Platforms and services, like travel booking site Travala, payments gateways like Moonpay and Banxa, payment APIs like Wyre and multi-currency payment services like ivendPay and Paylot are now supporting BUSD too. While PancakeSwap is teh top DEX in teh BSC ecosystem, numerous other top DEXes also support BUSD, including: Uniswap, 1inch, Curve Finance, Ellipsis, MDEX, SushiSwap, 0x and many more. Users of centralized exchanges (CEXes) can use BUSD outside of Binance and Binance.US too, with top exchanges like FTX, Gate.io, WazirX, MEXC and more
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