Binance USD
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Binance USD in numbers
Binance USD (BUSD) ranks #465 by market capitalization, at $34.40M. It belongs to the Stablecoins sector (SEC Alleged Securities). It has traded since Sep 19, 2019, across 4,737 markets on 21 exchanges, with $1.64M of volume in the last 24 hours. Its all-time high of $1.14 was reached on Sep 21, 2025; the current price is 12.4% below that peak. Its cycle low of $0.952884 came on Jan 23, 2026.
34.42M BUSD are in circulation. It is available on 18 networks.
About Binance USD
Binance USD (BUSD) is a fiat-collateralized stablecoin that offers the advantages of transacting with blockchain-based assets while mitigating price risk. BUSD are issued as ERC-20 tokens on the Ethereum blockchain and are collateralized 1:1 by USD held in Paxos-owned US bank accounts. BUSD is also one of three stablecoins approved by Wall Street regulators, alongside GUSD and PAX.
Background
Launched in September 2019, Binance USD (BUSD) is a fiat-collateralized stablecoin launched in collaboration between Binance and Paxos. BUSD is the frist stablecoin launched as part of Binance's Venus project. It was also revealed at the time of launched that NYDFS had approved the new offering, which Binance is launched in partnership with the Paxos.
BUSD is issued by Paxos, a New York-regulated financial institution. Led by CEO and Co-Founder Charles Cascarilla, the Paxos team consists of individuals from various backgrounds and experiences ranging from Wall Street to Silicon Valley.
BUSD was built to improve the larger financial ecosystem by creating a frictionless global network where digital assets can be mobilized with significantly increased speed, flexibility, and accessibility.