BUSD
Monthly Returns heatmap
Heatmap summary
BUSD posted 25 positive months out of 52. The longest positive streak lasted 3 months, while the longest negative streak lasted 3 months.
- Strongest month
- Dec 2019 +0.4%
- Weakest month
- Sep 2019 -99.6%
- Longest positive streak
- 3 Oct 2019 — Dec 2019
- Longest negative streak
- 3 Jan 2020 — Mar 2020
- Luckiest calendar month
- Dec • avg 0.1% • 5 mo.
- Unluckiest calendar month
- Sep • avg -19.9% • 5 mo.
Networks
Supported exchanges
About the coin
Binance USD (BUSD) is a stablecoin pegged to the U.S. dollar. It is issued by Paxos Trust Company and Binance, aiming to provide users with a stable digital asset that maintains a consistent value relative to the USD.
BUSD operates on various blockchain networks, allowing for broad interoperability and accessibility within the cryptocurrency ecosystem. Its primary function is to act as a stable store of value and a medium of exchange, reducing the volatility often associated with other cryptocurrencies.
The stable nature of BUSD makes it useful for traders looking to hedge against market fluctuations or for those who wish to hold their assets in a digital format without significant price swings. It can be used in decentralized finance (DeFi) applications, for cross-border payments, and for various other use cases where price stability is paramount.
Each BUSD token is backed by reserves of U.S. dollars held in regulated financial institutions. This backing mechanism is designed to ensure that one BUSD token is always equivalent to one U.S. dollar.
BUSD is available on multiple blockchains, each supporting specific token standards:
- BNB Smart Chain: BUSD is deployed as a BEP-20 token with contract address 0xe9e7cea3dedca5984780bafc599bd69add087d56. It has 18 decimal places.
- Avalanche C-Chain: Here, BUSD functions as an ERC-20 token with contract address 0x9c9e5fd8bbc25984b178fdce6117defa39d2db39 and 18 decimal places.
- Ethereum: On the Ethereum mainnet, BUSD is also an ERC-20 token, identifiable by contract address 0x4fabb145d64652a948d72533023f6e7a623c7c53, with 18 decimal places.
- Optimism: On the Optimism Layer 2 scaling solution, BUSD operates as an ERC-20 token at contract address 0x9c9e5fd8bbc25984b178fdce6117defa39d2db39, featuring 18 decimal places.
- Polygon PoS: BUSD is available on the Polygon Proof-of-Stake network as an ERC-20 token, with contract address 0x9c9e5fd8bbc25984b178fdce6117defa39d2db39 and 18 decimal places.
- Tron: On the Tron network, BUSD is implemented as a TRC-20 token. The contract address is TMz2SWatiAtZVVcH2ebpsbVtYwUPT9EdjH, and it uses 6 decimal places.
The multi-chain presence of BUSD enhances its utility and allows users to leverage it across different blockchain environments, depending on their preferred network and application needs.
The development and issuance of BUSD are overseen by Paxos, a regulated financial institution, which adds a layer of trust and compliance to the stablecoin's operation. This regulatory oversight is a key feature distinguishing BUSD from some other stablecoin projects.
Users can acquire BUSD through various cryptocurrency exchanges and platforms. Its stable value makes it a popular choice for individuals and institutions engaging in digital asset trading and investment strategies.
The underlying technology ensures that BUSD can be transferred quickly and efficiently across supported networks, facilitating seamless transactions for users worldwide.
In essence, BUSD serves as a digital representation of the U.S. dollar on the blockchain, offering stability, security, and broad usability within the decentralized economy.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are maintained from the current Gygaz market dataset for this asset.
About Gygaz: Gygaz is a crypto transfer intelligence project focused on exchanges, assets and networks. We structure routing, support and market context so users can compare how crypto moves between platforms.