What does BUSD stand for?

BUSD stands for Binance United States Dollar or Binance USD. Issued by Paxos, and this stablecoin derives its value directly from USD. What Is BUSD Used For? BUSD and Binance-Peg BUSD is used for digital payment on blockchains, primarily to maintain a 1:1 ratio with the US dollar.

How much is 1 BUSD in US dollars?

Meanwhile, in the last 24 hours, the rate has changed by 0%, which means that the the highest exchange rate of 1 BUSD to US Dollar was 1.0006778825953797 USD and the lowest 24 hour value was 1 BUSD for 0.9996687026415859 USD. This time last month, the value of 1 BUSD was $1.00 USD, which is a 0.03% increase from where it is now.

What is Binance USD (BUSD)?

Binance USD is +0.01% in the last 24 hours with a circulating supply of 4.00B. Binance USD (BUSD) is a stablecoin , so its value is pegged to a fiat currency — in this case, the US dollar. BUSD was launched in September 2019 as part of a joint partnership between Binance and blockchain and finance company Paxos, headquartered in New York.

What is Binance-peg (BUSD)?

BUSD can be used to hedge against crypto price fluctuations, and since it is backed by fiat USD and compliant with the most stringent financial regulations, it is considered one of the most dependable stablecoins. Binance-Peg BUSD, offered by Binance, is also sometimes used in liquidity provision and yield-farming.