BUSD is a stablecoin provided by the cryptocurrency trading platform giant Binance. Binance issues BUSD backed by fiat USD in 1:1 ratio in a partnership with NewYork regulated financial institution Paxos. BUSD stands out with its US-regulated financial foundation. Since its creation in 2019, BUSD gained ground faster than other stablecoins.
With a total market cap of over $22.4 billion, Binance USD is the No. 6 cryptocurrency by market size. The currency symbol for Binance USD is BUSD. The total supply of Binance USD is 22.3 billion. We found savings accounts offering up to 126% APY on Binance USD deposits and loans as low as 4.5% APR against Binance USD used as collateral. Check out our Binance USD staking yields table and for further details.
The technical price analysis for Binance USD below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Binance USD.
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