
Binance USD (BUSD) - USDT
₮ 0.9820
5 months ago
0.00%
Mkt. Cap.
₮ 56.75 M
Vol. 24H
BUSD 0
(₮ 0)
Open 24h
₮ 0.9820
Low/High 24h
₮ 0.9820
-
₮ 0.9820
2023-12-15: Discontinuation of BUSD Support on Binance: Binance has announced that it will gradually end support for its BUSD stablecoin. This change follows a decision by Paxos, the issuer of BUSD, to halt the minting of new BUSD tokens as ordered in February.
- End Date for BUSD Support: Binance will officially cease support for BUSD on December 15, 2023. Users are advised to convert their BUSD into other assets by this date.
- Redemption and Conversion: Users will be able to redeem their BUSD until February 2024. However, starting December 31, 2023, Binance will halt withdrawals, and any remaining BUSD balances will be automatically converted to FDUSD, a stablecoin issued by FD121 Ltd.
- Removal from Trading Pairs: BUSD will be removed from spot and margin trading pairs. It has also been delisted as a loanable asset on Binance's platform.
Whitepaper
-
Launch Date
2019-09-10
Max Supply
Not Applicable
Total Supply
57,792,684.12
Circulating Supply
57,792,684.12
Mkt. Cap. Penalty
0 %
Website
Built On
ETH
Token Standard
ERC20
Smart Contract Address
Decimal Places
18
Parent Asset Symbol
USD
BUSD is a stablecoin issued by Paxos and supported by Binance. It is backed by U.S. dollar reserves held in insured U.S. banks, Treasury bills, and money market funds, and is regulated by the New York State Department of Financial Services. BUSD is issued on the Ethereum blockchain as an ERC-20 token and on the BNB Chain as a BEP-20 token, and can be used for hedging against volatility, stable price-pegging, remittances, crowdfunding, payments, lending, borrowing, and other financial services. Its value remains stable through fiat currency reserves, and traders can use arbitrage to bring it back to its peg if its price moves away from $1.