Please note that technical indicators don’t provide a full representation of what’s happening in the cryptocurrency market. Before making the decision to buy or sell any cryptocurrency, you should carefully consider both technical and fundamental factors, as well as your financial situation. The cryptocurrency market is also highly volatile, which means it may not be suitable for investors with a low risk tolerance. Binance USD is currently faq.converter.5.n/a and USD Coin , which suggests that now is a neutral time to exchange for . This trend is determined by the technical indicators on our .
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To determine whether a coin is bearish busdc or bullish, we use technical indicators such as the Relative Strength Index (RSI) and important simple and exponential moving averages.
- BUSD is a stablecoin created by Paxos and cryptocurrency exchange Binance.
- The stablecoin grew from a market capitalization of around US$1B at the start of 2021, to over US$14.6B at the end of 2021.
- BUSD can be sent to Paxos, which burns the tokens and provides users with the fiat currency in return.
- CoinCodex tracks 44,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders.
- This version is offered by holding BUSD in an Ethereum blockchain address and minting BUSD on the BNB Chain, effectively backing the tokens on the BNB Chain with ERC-20 BUSD.Paxos has the right to freeze accounts and remove funds if needed due to illicit activity.
Top Crypto to Fiat Rates
BUSD’s value remains stable through fiat currency reserves.BUSD is a regulated stablecoin, with each BUSD in circulation being backed by one U.S. dollar held in reserve. The token is issued by Paxos, which releases monthly attestation of BUSD’s reserves to show BUSD is 100% backed by reserves. These are either held in cash at insured U.S. banks, via U.S. A brief historyBinance was founded in 2017 by Changpeng Zhao, a developer who had previously created high-frequency trading software. Binance offers crypto-to-crypto trading in more than 500 cryptocurrencies and virtual tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own token Binance Coin (BNB).
Most Visited Cryptocurrencies
This makes it the third largest stablecoin by market cap, behind Tether and USDC. This growth is largely due to more user adoption as wallets, platforms and services, DEXes and CEXes support BUSD. Each station will open 10 minutes before the first train arrives.Click here to get open/close station specific information. Please use our Trip Planner andview specific station information.
- You can convert Binance USD to USD Coin by selling BUSD for USDC on a cryptocurrency exchange.
- You can quickly compare the Binance USD price USDC rate between five popular exchanges in the table above.View all exchanges
- The easiest way to buy 1 BUSD with USDC is to convert Binance USD to USD Coin on PayBitoPro.
- The cryptocurrency market is also highly volatile, which means it may not be suitable for investors with a low risk tolerance.
- Additionally, the Binance exchange has among the lowest transaction fees for cryptocurrency exchanges while also offering high liquidity and discounts to users who pay in the native BNB cryptocurrency tokens.
BUSD Markets
BUSD maintains its peg by being backed by fiat currency reserves and allowing users to exchange BUSD for an equivalent amount of USD from its reserves. BUSD can be sent to Paxos, which burns the tokens and provides users with the fiat currency in return. Redeemed BUSD would then be burned, which coupled with rising demand would help the stablecoin return to $1.If BUSD, for example, trades at $1.02, arbitrageurs can purchase tokens for $1 with Paxos and then sell them on the market for a profit, while helping it get back to its peg. Binance USD (BUSD) is a stablecoin, meaning a digital currency that attempts to offer investors price stability through a mechanism that allows it to remain pegged to the value of a specific asset.
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Additionally, the Binance exchange has among the lowest transaction fees for cryptocurrency exchanges while also offering high liquidity and discounts to users who pay in the native BNB cryptocurrency tokens. You can convert Binance USD to USD Coin by selling BUSD for USDC on a cryptocurrency exchange. The best way to convert BUSD for USDC is to use PayBitoPro. The easiest way to sell 1 BUSD for USDC is to convert Binance USD to USD Coin on PayBitoPro. The most convenient option is to use the BUSD/USDC trading pair.
Metrobus Timetables and Schedules
BUSD is a stablecoin created by Paxos and cryptocurrency exchange Binance. This version is offered by holding BUSD in an Ethereum blockchain address and minting BUSD on the BNB Chain, effectively backing the tokens on the BNB Chain with ERC-20 BUSD.Paxos has the right to freeze accounts and remove funds if needed due to illicit activity. To see the latest exchange rate, Binance USD historical prices, and a comprehensive overview of technical market indicators, head over to the page. CoinCodex tracks 44,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders. The BUSD ecosystem has grown exponentially in 2021. The stablecoin grew from a market capitalization of around US$1B at the start of 2021, to over US$14.6B at the end of 2021.
Rail Station Schedules/Hours
If that’s not possible, you can sell Binance USD for a different cryptocurrency (a stablecoin like USDT or USDC is recommended) and use the proceeds to buy USD Coin. The easiest way to buy 1 BUSD with USDC is to convert Binance USD to USD Coin on PayBitoPro. If the pair is not available, you can convert USD Coin to a different cryptocurrency (a stablecoin like USDT or USDC is recommended) and use the proceeds to buy Binance USD. There are 10 cryptocurrency exchanges tracked by CoinCodex where you can convert BUSD to USDC. You can quickly compare the Binance USD price USDC rate between five popular exchanges in the table above.View all exchanges