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BUSD Price   

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BUSD

Binance USD  

#BUSD

BUSD Price:
$1.00
Volume:
$4.7 B
All Time High:
$1.25
Market Cap:
$16 B


Circulating Supply:
16,272,271,387
Exchanges:
92
Total Supply:
16,272,271,387
Markets:
1377
Max Supply:
Pairs:
925



  BUSD PRICE


The price of #BUSD today is $1.00 USD.

The lowest BUSD price for this period was $0, the highest was $1.005, and the exact current price of one BUSD crypto coin is $1.00487.

The all-time high BUSD coin price was $1.25.

Use our custom price calculator to see the hypothetical price of BUSD with market cap of ETH and how the supply affects the price of BUSD at different market capitalizations.


  BUSD OVERVIEW


The code for Binance USD is #BUSD.

Binance USD is 3.4 years old.


  BUSD MARKET CAP


The current market capitalization for Binance USD is $16,351,516,993.

Binance USD is ranked #7 out of all coins, by market cap (and other factors).


  BUSD VOLUME


The trading volume is huge during the past 24 hours for #BUSD.

Today's 24-hour trading volume across all exchanges for Binance USD is $4,674,040,349.


  BUSD SUPPLY


The circulating supply of BUSD is 16,272,271,387 coins, which is 100% of the total coin supply.

Binance USD has a relatively large supply of coins, 134 times larger than Ethereum's supply, as an example.


  BUSD BLOCKCHAIN


BUSD is a token on the Ethereum blockchain, and has digital contracts with 18 other blockchains.

See list of the BUSD Blockchain contracts with 19 different blockchains.


  BUSD EXCHANGES


BUSD is well integrated with very many pairings with other cryptocurrencies and is listed on at least 92 crypto exchanges.

View #BUSD trading pairs and crypto exchanges that currently support #BUSD purchase.


  BUSD RESOURCES


Websitewww.binance.com/en/busd?ref=Y6TC8MN4
Whitepaperacademy.binance.com/en/articles/what-is-busd?ref=Y...
Twitterbinance
Redditr/binance
Telegrambinanceexchange
DiscordamjFE7Grgr
Mediumbinance
Instagraminstagram.com/Binance


  BUSD DEVELOPER NEWS



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...




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...




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....




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...




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...




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...




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...




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...




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...




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...




  BUSD NEWS


Binance Integrates Binance-Pegged BUSD On Optimism Network

    Binance, a leading cryptocurrency exchange by client count and trading volumes, has integrated Binance-Pegged BUSD on the Ethereum layer-2 platform, the Optimism Network. Binance Integrates The Optimism Network In a press release on February 2, Binance said their users can now begin depositing and withdrawing the wrapped token via the Optimism Network.  The Optimism Network is a layer-2 protocol on Ethereum seeking to scale the smart contracting platform and drastically lower fees. Transaction fees on Optimism are several folds lower than on Ethereum, and dApps launching on it can benefit from rapid transaction processing speeds.  The Optimism Network is the second largest Ethereum layer-2 platform with a total value locked share of 32.58%. Its native token, OP, is currently trading at $2.79. Following this integration, Binance allows users to transfer Binance-pegged BUSD, a wrapped version of BUSD, on the Optimism network. BUSD is a stablecoin that tracks the USD and is issued by Paxos under the Binance brand.  The issuer of BUSD says the stablecoin, compliant with the ERC-20 standard on Ethereum, is regulated by the New York State Department of Financial Services. The Binance-pegged BUSD is a version of BUSD that can be used to move value beyond Ethereum to Avalanche, Polygon, and Binance ecosystems, including the BNB Smart Chain (BSC).  Binance said holders can swap BUSD and Binance-pegged BUSD freely between chains. As a... read More



Binance USD (BUSD) Exchange Reserves Dry Up, Reason Behind Bitcoin's Slo...

    On-chain data shows the Binance USD (BUSD) exchange reserves have declined recently, a factor that may be behind Bitcoin's slowdown. Binance USD (BUSD) Exchange Reserves Have Gone Down As pointed out by an analyst in a CryptoQuant post, there was a very large inflow of $250 million BUSD just a while ago. The 'exchange reserve' is an indicator that measures the total amount of a cryptocurrency (which, in the present case, is Binance USD) currently being stored on wallets of centralized exchanges. Generally, investors swap their coins for stablecoins like BUSD when they want to avoid the volatility associated with other cryptocurrencies like Bitcoin. When these holders feel that prices are right to reenter the volatile markets, they shift their stables back into their desired coins. This can act as buying pressure for the specific crypto that they are swapping into. Investors usually make use of exchanges to swap these coins, which means that whenever the exchange reserve of a stablecoin like BUSD rises, it presents the possibility that holders want to buy back into volatile cryptocurrencies. A large enough increase in the stablecoin reserve can result in a high amount of buying pressure for other coins, and can therefore have a bullish effect on their prices. Now, here is a chart that shows the trend in the Binance USD exchange reserve (specifically for spot exchanges) over the past couple of months: As you can see in the above graph, the Binance USD exchange reserve observ... read More



BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With T...

    According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD's supply has been reduced by more than $5 billion, going from $21.84 billion to its current level of $16.77 billion.Stablecoin Market Sees Fluctuations With BUSD Losing Significant Supply, Ties to Turkish Lira BUSD, the stablecoin founded by Paxos and Binance, has experienced a significant reduction in its circulating supply. Data shows that among the top ten stablecoins by market capitalization, BUSD has lost the most between Dec. 5, 2022, and Jan. 6, 2023. Tether managed to increase by 1.1% over the past month, and USDC jumped by 1.8% in the last 30 days. However, BUSD shed 23.8% during the last month and now has a market cap of around $16.77 billion. Since Dec. 13, 2022, BUSD has seen approximately 5,066,884,674 net redemptions. The reduction in stablecoin supply coincides with a time of significant speculation surrounding the world's largest cryptocurrency exchange, Binance. Last month, Binance announced that Binance US would attempt to acquire Voyager Digital's assets, but the U.S. Securities and Exchange Commission (SEC) intervened in the purchase. The SEC stated that it was 'formally investigating' the debtors in the matter. In addition to the SEC, Alameda Research, a defunct trading unit of FTX, has also objected to Binance US' purchase of Voyager's assets. Of the more than $5 bi... read More



Zero USDT, USDC, BUSD, and TUSD Printed in December 2022: Analysis

    Stablecoins have continued to play a very critical role in the crypto economy. The ongoing bear market also demonstrated that dollar-pegged coins like USDT and USDC witnessed a parabolic growth in market cap this year. However, top stablecoin issuers seemingly took a break from printing in December amidst a great deal of market turmoil and increased scrutiny. According to data from the 'Stablecoin Printer,' USDT, USDC, BUSD, and TUSD, have not been printed during the last month of 2022. In fact, the two-largest stablecoins by market cap have not been printed for the past several months. USDT was last printed by its issuer, Tether, in May 2022, while USDC's printing continued till June of the same year. The two tokens have been in a constant battle for dominance, and the de-pegging and the subsequent collapse of Terra ecosystem's now-defunct algorithmic stablecoin - UST - did help in closing the gap between them. USDT laid low amidst concerns of Terra-induced contagion spread. USDC, on the other hand, saw an increase in consumer confidence. This resulted in 4% growth YTD from $42.9 billion to $44.6 billion. Market participants ditched USDT for USDC. The latter went on to become the stablecoin of choice on the Ethereum blockchain. The collapse of Terra left a vacuum in the Cosmos ecosystem, where the algorithmically pegged to the US dollar was used heavily across its interconnected family of blockchains. Stablecoin issuer Circle grabbed the chance to natively launch USDC on Co... read More



Binance USD Supply Increases Amid Heated Stablecoin Wars

    The aim behind stablecoins development was to provide stability over the highly volatile nature of crypto assets. This means that stablecoins hedge your funds against the impact of macroeconomic factors like inflation. Currently, stablecoins represent about 15% of the total crypto market cap of over $933 billion. Several prominent firms have created their stablecoins. Usually, the coins are pegged on a ratio of 1:1 to major global fiat currencies like USD, EUR, or GBP. The Binance USD (BUSD) is a notable stablecoin from the leading crypto exchange, Binance. It is the world’s third-largest stablecoin by market cap after Tether (USDT) and USD Coin (USDC). Binance Committed To Pump Supply Of BUSD In a recent development, Binance has devised a means to increase the supply of its stablecoin, BUSD. The firm engaged in the sales of its USDC reserves and converted them into BUSD. As a result, Frank Chaparro from the Block noted the spike in the supply of BUSD. From his observation, the stablecoin’s supply, for the first time, crossed $20 billion. CoinGecko indicated that the supply had hit an all-time high of $21.7 billion. This figure represents about 15% of the cumulative stablecoin market cap of $147 billion. Also, Chaparro reported that BUSD has 22% as its denominated percentage of trades for this October. Binance announcement in September shows that the firm is committed to boosting BUSD supply. It disclosed the conversion plan for the existing balances and new depo... read More



Binance USD (BUSD) Supply Surges as Stablecoin Wars Heat Up

    Binance has been selling its USDC reserves and converting them into its own stablecoin, BUSD. On Oct. 23, The Block's Frank Chaparro noticed the supply shift as the amount of BUSD topped $20 billion for the first time ever. Its supply currently stands at an all-time high of $21.7 billion, according to CoinGecko. This represents around 15% of the total stablecoin market cap, which is $147 billion. So far this month, the percentage of trades denominated in BUSD stands at 22%, he added. Binance announced in September that it would be converting existing balances and new deposits of USDC, USDP, and TUSD into BUSD. BUSD supply is on a tear, topping $20 billion this month for the first time ever BUSD supply as a share of the overall stablecoin market is at an all time high of 15.48% So far this month, the % of trades denominated in BUSD stands at 22% pic.twitter.com/k2fNHDhvrE — Frank Chaparro (@fintechfrank) October 22, 2022 Stablecoin Wars Round Two Crypto billionaire and FTX CEO Sam Bankman-Fried commented that the conversion from USDC into BUSD has heralded the 'Second Great Stablecoin War.' The first one was in 2018, with USDT and USDC edging out TUSD, GUSD, and USDP, he added. SBF continued to comment that the difference this time is positive interest rates which means more revenue for stablecoins. 'It'll be interesting to see what emerges from the non-fiat-backed-stablecoin space, post-Luna, and post-DAI-holding-USDC,' he said before adding that it will be 'something... read More



USDC's Market Cap Sheds Close to $4 Billion in Less Than 20 Days, Binanc...

    19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization, had an overall valuation of around $48.82 billion and since then, it has continued to deflate down to today's $44.93 billion. Statistics show that during the last three months, USDC's market valuation has dropped by more than 19%, shedding approximately $10.59 billion.USDC Sheds $3.89 Billion in 19 Days, $10.59 Billion in 3 Months More than $10 billion worth of the stablecoin USDC has been erased from the project's market capitalization since July 7, 2022. Bitcoin.com News reported on USDC's market cap sliding much lower on September 28, 2022, or roughly 19 days ago. Metrics show usd coin (USDC), issued by the Centre consortium, is the fourth largest cryptocurrency today by market capitalization and the second largest stablecoin by market valuation, under tether (USDT). USDC's market valuation actually rose after the Terra blockchain fiasco and UST depegging incident five months ago, while billions of tethers were removed from circulation at the time. After UST (now called Terrausdclassic USTC) imploded, usd coin's (USDC) market cap increased by 9%, while tether's (USDT) valuation dropped by more than $12 billion in two months' time. In more recent times, USDT's market cap is growing slowly as it increased by 0.6% during the last 30 days. However, 30-day statistics show that USDC did the opposite as the stablecoin's market capitalization shed 10.6%, according to coingecko.com's top stablec... read More



TrueFi Issues First Default to Crypto Investment Firm Blockwater on BUSD...

    Decentralized finance (DeFi) lending protocol TrueFi issued a 'notice of default' to Blockwater Technologies on October 6th for failing to make a scheduled payment of more than $3.4 million loan in BUSD. The crypto market rout in Q2 and the resultant ongoing stress have unraveled several digital-asset lenders and exchanges. The liquidity crisis spurred the bankruptcies of $10 billion crypto hedge fund Three Arrows Capital (3AC) and crypto lenders Celsius and Voyager Digital. It also led to the unwinding of DeFi. Blockwater's default appears to be the latest instance in the digital asset industry's insolvency crisis. Blockwater Defaults on DeFi Loan In a statement, TrueFi stated that its credit group led an exhaustive out-of-court workout with the principals of the South Korean blockchain investment firm, including a loan amendment to increase the borrowing rate and extend maturity. However, they agreed that a potential court-supervised administrative proceeding would lead to a better outcome for stakeholders, given the 'complexity around the sudden insolvency.' So far, Blockwater has reportedly made 8 payments adding up to over $645k towards loan repayment. The company still has to pay the remaining $2.9 million in debt. 'The Blockwater default does not affect lenders in TrueFi’s USDC, TUSD, USDT stablecoin lending pools, nor any of TrueFi’s capital market portfolios.' TrueFi asserted that it is in active discussion with Blockwater and its advisors. The credit gro... read More



Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Con...

    The crypto asset exchange Wazirx is following Binance's move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don't want the funds converted.Wazirx Plans to Drop 3 Stablecoins and Auto-Convert Them to BUSD by October 5 During the first week of September, the world's largest crypto exchange by trade volume, Binance, revealed it would be dropping a number of stablecoins. Binance also noted at the time, that customers had a certain period of time to withdraw the stablecoins or the funds would be automatically converted to BUSD. On September 19, 2022, the cryptocurrency exchange Wazirx said it would no longer support deposits for USDC, TUSD, and USDP. The announcement published on Monday details that customers can still withdraw the aforementioned stablecoins but only until Friday, September 23. Wazirx will 'support withdrawals of USDC, USDP, and TUSD till 5 PM IST on 23rd September 2022,' and 'delist USDC, USDP, and TUSD spot market pairs at 07:30 AM IST on 26th September 2022,' the exchange announcement notes. By October 5, any stablecoin balances left on the exchange will be automatically converted to BUSD. Binance and Wazirx dropping USDC, TUSD, and USDP follow commentary from Circle's CEO Jeremy Allaire about Binance's decision, and Trueusd and Paxos representatives supporting the idea. The move by Wazirx also follows the reports concerning the disagr... read More



Binance BUSD Trading Volume Surges By 70%, What Is The Reason?

    The introduction of stablecoins, like BUSD into cryptocurrency brought hope to many long-term investors. For those skeptical of the crypto space due to volatility, stablecoins become handy as their sailing means. As the name goes, stablecoins are meant to remain stable to the real-time value of the fiat currencies they are pegged to. Also, some come pegged to tangible assets and cash that facilitate their stability. But the collapse of the algorithmic stablecoin, TerraUSD UST, and its native token, LUNA, created a big hollow for stablecoins. It shifted the paradigm for lots of investors on what stablecoin stands for. The event brought massive losses to many investors and other crypto assets. Thankfully, people have started warming up to stablecoins again lately. The Binance USD (BUSD), the world's third largest stablecoin, is significantly impacting the crypto space. BUSD recorded a massive increase of about 70% on Tuesday in its trading volume. It remains the most considerable 24-hour trading volume recorded in recent times. Binance Announcement Triggered BUSD Trading Volume The sudden spike in trading volume for BUSD has raised lots of interest as people are looking for the potential trigger. The reason is not far-fetched, as Binance recently made a big public announcement. Crypto total market cap trends downwards on the daily chart | .com Binance is laying out BUSD Auto conversion. At the moment, the firm mentioned that it would be for the existing balances of customers o... read More



Binance to Drop USDC Trading Pairs, Plans to Auto-Convert Specific Stabl...

    The world's largest cryptocurrency trading platform by trade volume, Binance, issued a notice on Monday explaining that the exchange will be removing the stablecoin USDC from the platform's spot trading pairs list. Binance further details that users holding three types of stablecoins will see their balances auto-converted into BUSD if the user does not remove the specific crypto asset from the exchange.Binance to Delist Specific Stablecoin Trading Pairs by the End of September It seems Binance will be removing the world's second-largest stablecoin usd coin (USDC), a U.S. dollar-pegged token issued by the Centre consortium. During an announcement made on Monday, Binance explained that it plans to auto-convert certain stablecoin balances if the funds are not removed by September 29, 2022. 'Fellow Binancians, in order to enhance liquidity and capital-efficiency for users, Binance is introducing BUSD Auto-Conversion for users' existing balances and new deposits of USDC, USDP and TUSD stablecoins at a 1:1 ratio,' the exchange said on September 5. Then the announcement further notes that Binance is sunsetting a few specific spot trading pairs. The pairs will be removed before the auto-conversion September 29 deadline and they will cease trading three days prior to the cut-off. 'Binance will remove and cease trading on the following spot trading pairs at 2022-09-26 03:00 (UTC): USDC/BUSD, USDC/USDT, USDP/BUSD, USDP/USDT, TUSD/BUSD, TUSD/USDT,' Binance details. Three days after thos... read More



Binance USD (BUSD): Fully-Backed and Regulated Stablecoin

    Cryptocurrencies are risk assets, and the recent market crash shows how volatile they can be. While crypto assets are now more popular than ever, many investors are still skeptical about joining the industry, considering the unpredictable nature of the market. The first stablecoin was launched in 2014 to minimize the volatility of crypto assets. Since then, at least 200 different stablecoins have been developed, but not all stablecoins are built equally. Stablecoins are cryptocurrencies whose values are pegged to a non-crypto asset or basket of assets, such as fiat and gold, to stabilize the price. For instance, a stablecoin tied to the U.S. dollar at 1:1 is expected to stay at $1 at all times. Unfortunately, not all stablecoins can maintain their peg during extreme market conditions due to a lack of sufficient reserve. Since May, we have seen several stablecoins depegged from their supposed pegged value, causing investors to lose billions of dollars. Despite this, a few stablecoins have managed to weather all storms, and the Binance USD (BUSD) is a good example. What is BUSD? Binance USD (BUSD) is a stablecoin founded by two of the biggest names in the crypto space - Binance and Paxos. It was launched in 2019, and its value is pegged to the U.S. dollar at 1:1, meaning that for every unit of BUSD, one U.S. dollar is held in reserve. BUSD is designed to maintain stable value in the highly volatile crypto market. It allows investors and traders to take on several high-risk inve... read More



Work till you die or Financial freedom? Let your money work for you with...

    Do you know what Warren Buffet teaches his children to be rich for generations? “If you don't find a way to make money while you sleep, you will work until you die.” We named it “passive income'. Whereas active income comes from your day job, passive income is the cash you receive while you’re doing something else. Eating dinner? You’re making money. Breathing? You’re still making money.  Asleep? You guessed it; you’re making money. How is that possible? One of the most sustainable and highest-yielding cryptocurrencies to have in your portfolio is Libero Financial ($LIBERO). In fact, if you start out with LIBERO, you can make hundreds in passive income each and every day. In 1 day, Mr. Fox,  a typical LIBERO investor, earned $617.73 in BUSD and $2461.38 in $LIBERO, totaling $3079.11 USD. Source: twitter.com/LiberoFinancial Mr. John had his funds grow from 20K to 358K in 20 days, just by holding $LIBERO in his wallet. Source: twitter.com/JohnUata LIBERO - Highest Paying Dual Rewards Auto Staking Protocol, which pays you highest stable coin passive income: 226% BUSD APR  from millions of USD daily trading volume, plus 158,893.59% fixed APY in $LIBERO. Growing very fast in user base, this is the world’s most trusted financial freedom project. Libero is the first and only fixed APY project that passed the Certik Audit - World's number 1 blockchain security firm, and the crypto industry's security Gold Standard. But the key element that makes LIBERO ... read More



Stablecoin Economy Grows Close to 10% Larger in 54 Days — GUSD, BU...

    At the end of December 2021, the stablecoin economy's market valuation was around $168.3 billion and since then, it has increased 9.92% to $185 billion in value. A number of stablecoins have issued more assets during the last seven days, as some of the top dollar-pegged coins have swelled by more than 20% since the past week.Stablecoin Economy Continues to Grow As cryptocurrencies have dropped in value during the last two weeks and the crypto economy fell below the $2 trillion range, stablecoins issuance continues to fill demand. At the time of writing, the entire stablecoin economy is valued at $185 billion and it increased by 9.92% since December 30, 2021. The current value of all the stablecoins in existence today, represents 10.41% of the $1.77 trillion crypto economy. Moreover, the trade volume stablecoins are seeing on February 22, 2022, is around $62.7 billion, which equates to 61.47% of today's crypto trade volumes worldwide. While tether (USDT) is the largest stablecoin, in terms of market capitalization, the $79.6 billion dollar cap only increased by 1.3% this past week. On the other hand, usd coin's (USDC) market capitalization swelled by 21.6% and BUSD's cap grew by 27.9%. Terra's UST has seen issuance increase by 11% and Makerdao's DAI spiked by 6.1%. The Avalanche-based magic internet money (MIM) saw its market capitalization fall by a whopping 40.6% during the last seven days. Variety of Stablecoin Market Caps Declined, Tether Commands 84% of Today's Stablecoi... read More



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