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| Binance USD 
| #BUSD
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| BUSD Price: | $1.00 | | Volume: | $1.8 M | | All Time High: | $1.46 | | Market Cap: | $57.9 M |
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| Circulating Supply: | 57,792,684 |
| Exchanges: | 36
| | Total Supply: | 57,792,684 |
| Markets: | 939
| | Max Supply: | — |
| Pairs: | 1084
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The price of #BUSD today is $1.00 USD.
The lowest BUSD price for this period was $0, the highest was $1.001, and the current live price for one BUSD coin is $1.00107.
The all-time high BUSD coin price was $1.46.
Use our custom price calculator to see the hypothetical price of BUSD with market cap of ETH or other crypto coins. |
The code for Binance USD is #BUSD.
Binance USD is 5.7 years old. |
The current market capitalization for Binance USD is $57,854,759.
Binance USD is ranked #299 out of all coins, by market cap (and other factors). |
The trading volume is big during the past 24 hours for #BUSD.
Today's 24-hour trading volume across all exchanges for Binance USD is $1,781,276. |
| The circulating supply of BUSD is 57,792,684 coins, which is 100% of the total coin supply. |
BUSD is well integrated with very many pairings with other cryptocurrencies and is listed on at least 36 crypto exchanges.
View #BUSD trading pairs and crypto exchanges that currently support #BUSD purchase. |
Licensing & Registration Are Not Equal to Regulation
Dan Burstein is the General Counsel and Chief Compliance Officer of Paxos We are in the midst of a monumental shift of financial market infrastructure. The future of an open, digital economy rests on upgraded infrastructure replacing antiquated banking systems. At the heart of this transition is the adoption of stablecoins — digital dollars that are accessible to anyone at any time. At this key inflection point, it’s crucial for consumers, enterprises, service providers and regulators to fully understand the dynamics dictating prominent stablecoins’ operations, oversight (or lack thereof) and reserving practices. At Paxos, we believe the only way to establish and maintain safety and transparency for customers is through rigorous oversight from a prudential regulator. This thesis has unfortunately borne out in the reserve mix for both USDC and USDT (Tether). Both of these tokens’ reserves are backed by a significant amount of non-cash financial instruments. A prudential regulator is crucial to ensuring the integrity of products used in the crypto ecosystem, and neither USDC nor USDT has such a regulator. A legitimate stablecoin must hold value through all economic cycles. Both USDC and Tether “stablecoins” are only stablecoins in good times. The USDC and Tether reserves are backed substantially by obligations with long maturities and by corporate issuers, which are subject to liquidity, credit and interest rate... 
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A Regulated Stablecoin Means Having a Regulator | Paxos
I have been reading with a combination of disbelief and exasperation the recent claims by Circle that “USDC has become the world’s most trusted and well-regulated dollar digital currency,” as well as by Tether that “Tether is registered and regulated.” Neither USDC nor Tether is a regulated digital asset, for the simple reason that neither token has a regulator. In fact, neither USDC nor Tether tokens are “stablecoins” in anything other than name. These tokens are backed by illiquid and risky debt obligations — a critical weakness that no prudential regulator would allow to exist as this creates undue risk for their customers. This is the key issue. Even if USDC or Tether adjusted their reserving practices so that their tokens were to actually become stablecoins (legitimately backed, 1:1, by US dollar or equivalents), rather than just in name, that should still be of grave concern to customers, regulators and public interest groups. As we have all seen time and again, proper regulation of financial services firms — which must include comprehensive oversight of the products and services offered by those firms — is the only way to protect clients and customers. What does that mean tangibly? There is direct oversight of client protections, resolution planning if there is a failure, privacy protections, consistent reserving practices plus audits and exams to verify this. In other words, even if USDC...
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How Paxos is the Most Trusted Operator in Digital Asset Infrastructure | Paxos
Trustworthiness is critical to our business success at Paxos. We believe that by becoming a trusted, regulated, audited infrastructure provider , we can offer the highest levels of safety, protection and security for our clients. We’ve spent years building this oversight and regulatory stack. While many companies may claim high levels of oversight and accountability, few have the credentials required to support your long-term business needs. Before you jump into digital assets, it’s important to understand the landscape. Below are the trustworthiness credentials that Paxos has sought and achieved. These external validators support our position as the most trusted blockchain infrastructure provider in the world. — New York Department of Financial Services Trust Charter - Paxos was the first company to secure a New York State Department of Financial Services (NYDFS) Trust Charter for Digital Assets in 2015. Our Trust charter is the base layer that enables Paxos to operate in other regulatory environments because the NYDFS maintains such high standards for its regulated entities. As a Trust company, Paxos is required by the NYDFS to hold all customer assets bankruptcy remote and separate from corporate assets, so our clients know their cash, crypto and gold are always there and always in their name. Additionally, our Trust charter allows Paxos to partner with new market participants to support a Conditional License....
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Fueling the Growth of Enterprise Blockchain Products | Paxos
2020 was a year of uncertainty around the world, but Paxos has continued to grow and we have added 63 new team members. James Hartley, Director of Product Operations at Paxos, is one of those new hires. — Why did you join Paxos?. — I’ve always been interested in finance and investing, and more recently I became interested in blockchain. I left a career in tech after feeling burnt out, and spent a few months travelling and thinking about what I wanted next. I was looking for a few things, and Paxos ticked all the boxes: A small, talented team, based in NY, A company using interesting, high-potential technologies, A strong culture aligned to my values, An inspiring mission and CEO, A company that was rapidly shipping exciting products, What did you do before Paxos?, — Why did you do before Paxos?. — With a computer science background, I started as a software engineer in Sydney building stock market surveillance software. But I wanted more exposure to the business and customers, which led me to technical services roles at Google working on advertiser platforms. I relocated with Google to New York to work alongside the product managers and engineers. Later I joined an 8 person startup in adtech (Arbor), where I did a bit of everything (product, account management, integrations, technical support, solutions consulting, etc). Right before Paxos I spent 3 years at LiveRamp (they acquired Arbor) lea...
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Changing US Equities Markets with Blockchain Technology | Paxos
After recent market activity led to institutional and retail brokerages restricting trading on highly volatile stocks like GameStop, the systemic risks caused by the legacy system of equities settlement was exposed for all the market to see. That system must be updated to prevent future market failure and we’re building Paxos Settlement Service to solve this problem with blockchain technology. Today, our Managing Director for the securities business, Greg Lee is here to share his story. — What did you do before Paxos?. — For more than 20 years, I’ve worked in electronic trading for financial institutions like UBS, Deutsche Bank and Barclays. I’ve focused on building, selling, and managing electronic trading systems and platforms. I’ve been fortunate enough to work with some amazing people across the globe and have seen what technology can do to dramatically change markets. I was involved in some of the first FX online trading systems, first Equities online trading platforms. I’ve seen the industry evolve into a fully electronic and algorithmically driven marketplace — and I also lived through the dot com era and saw what unchecked technology aspirations can produce when they aren’t grounded in solid business practices. — What made you join Paxos?. — I know the ins and outs of the market and I felt it was time for a change. I was just looking for the right opportunity. I learned abou...
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What Lehman Brothers, Gamestop and the Next Financial Crisis Have in Common | Paxos
Last week a dramatic David versus Goliath storyline played out with retail traders banding together to create a short squeeze on some of the most sophisticated hedge funds betting against Gamestop (GME). When retail brokers (like Robinhood, TD Ameritrade, etc.) responded by restricting trading on GME and other volatile stocks, they created an uproar. Many interpreted this as Wall Street favoring and protecting market insiders. But in reality, the true culprit was the creaking market infrastructure responsible for settling trades. Our settlement system is built to promote trading and liquidity, but cannot withstand the pressure of extreme events. In fact, the system that failed brokerages last week is the same system that exacerbated Lehman Brothers’ collapse. If we do not fix the current clearing and settlement infrastructure that underpins the stock market, it will fail us again. As Robinhood explained, it halted buying for certain tickers because it needed to raise billions in margin to keep operating. It has continued to raise billions for this same reason-more money in days than the $2.2bn since its founding. The unexpected need to have additional billions on hand caught Robinhood and many other firms by surprise due to opaque margin calculations. Until they could meet the margin requirements, firms made the necessary decision to restrict trading of certain stocks. Many retail brokers and some of Wall Street’s biggest...
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Full-Time Musician to Software Engineer: My Journey to Fintech | Paxos
As a financial technology firm, Paxos has an ambitious mission to bring technology and product innovation to the regulated financial services industry. We’re building the bridge to an open, 24/7 financial system. Cutting-edge tech and a great engineering team are key pieces to the success of Paxos. Today, our staff software engineer shares his non-conventional career path and why he works at Paxos. — Why did you join Paxos?. — I was looking for a job within the crypto industry when I met a few engineers from Paxos at a BitDevs event Paxos sponsored. I talked with a few of them and was immediately interested in how Paxos approached the cryptocurrency space. This was during the height of the ICO boom of 2017 and it was refreshing to see a company that wanted to be a pioneer in the cryptocurrency space while also taking regulation seriously. I was immediately impressed by the talent and friendliness of engineers I met at Paxos. — What was your work experience before Paxos?. — I have an untraditional engineering background. I first started coding when I was 12 but never received any formal training. I actually have an English degree and was touring in a band for a few years before focusing on engineering as a full-time career. — What are your day to day responsibilities at Paxos?. — As a staff engineer, a lot of my time is spent thinking about fellow engineers and the engineering organiza...
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Building Products that can Revolutionize Financial Services | Paxos
In 2020, Paxos launched the Paxos Settlement Service, a blockchain-based network that allows two parties to bilaterally settle US listed securities trades directly with no intermediary. With the No-Action relief from the staff of the US SEC, Paxos is now for Credit Suisse, Instinet and Societe Generale settling listed equities. This is the first time that blockchain-enabled settlement is used in a live environment for publicly traded equities. Today, the Product Manager spearheading this innovation, , is here to share what it’s like to launch a groundbreaking product. — What are your day-to-day responsibilities at Paxos?. — I’m the product manager responsible for working on creating new settlement infrastructure for the securities industry — we call it our securities business line. Paxos is a product-led company and my role here spans across both strategic and tactical domains of building and launching products. I work closely with our leadership and business team to set business goals for Paxos Settlement Service and lead a squad of engineers to execute against a product roadmap to deliver on our goals. To scope our work, I also work with our customers to understand how our product will interact with their systems. Right now, the securities business is in the early adopter stage and we’re preparing for a big product launch which we hope will happen later in 2021. We’re currently finishing building...
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How I got to work on the exchange that powers PayPal’s crypto offering | Paxos
2020 has been a tremendous year for crypto, with prominent companies and investors jumping into the industry. is arguably one of the most important forces by making crypto available to millions of Americans. What’s it like to power such an exciting product? Paxos Engineering Manager is here to share his experience. — How did you learn about Paxos?. — I joined in 2018. I had started to get interested in blockchain and knew about Paxos from reading a lot about blockchain around the time people were exploring using it as a distributed ledger for various applications and, of course, the Bitcoin boom of 2016–2017 piqued my interest. I remember being really impressed with the . — Why did you join Paxos?. — I joined Paxos because I really liked the mission and what Paxos was building: a regulated, disruptive approach to creating efficiency in key financial workflows by writing them to a distributed ledger, i.e. blockchain. I was extremely impressed by the team that interviewed me: engineering, product and our CEO & Co-Founder Charles Cascarilla. Prior to joining Paxos, I had worked either in finance or in startup environments, but Paxos seemed to combine the two, along with cutting-edge technology and extreme attention to quality. I originally worked on the securities settlement platform but my role evolved as we grew. — What was your work experience before Paxos?. — I had about 15 yea...
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Fueling Paxos’ Growth in 2021 and Beyond | Paxos
I’m thrilled to share that Paxos has closed its Series C investment round and raised $142 million, bringing our total funding to more than $240 million. We are honored to have the support of our lead investor Declaration Partners, as well as new investors Mithril Capital, PayPal Ventures, RIT Capital Partners, Ken Moelis, Alua Capital, Senator Investment Group and more. It is also meaningful to have continued support from past investors like RRE, Liberty City Ventures and others. Their support will help accelerate our growth so we can maintain our leadership position as the provider of blockchain and cryptocurrency infrastructure solutions for the largest enterprises and financial institutions like PayPal, Credit Suisse, Societe Generale and Revolut. Our mission at Paxos is to enable the movement of any asset, any time, in a trustworthy way. That has never changed since we founded the company, but there are many layers to how we achieve this mission. To get there, we believe that we need to help facilitate movement toward a more open, digital economy. In order for the financial system of the future to be truly open, it should be token-based, versus the current account-based system. And to facilitate the mainstream transition to this system, Paxos is building the most effective, high-volume infrastructure. This allows institutions with trillions of dollars worth of assets and billions of customers to become part of the ecosy...
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Crypto Coin Prices and News 