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TürkçeBinance-Peg BUSD Information
Binance-Peg BUSD is a stablecoin that is pegged to the U.S. dollar, ensuring minimal price fluctuations and offering a reliable digital asset for transactions. It operates on the Binance Smart Chain, enabling users to benefit from faster and more cost-effective transactions compared to traditional financial systems. As the demand for stablecoins continues to grow, Binance-Peg BUSD provides an essential tool for both traders seeking stability and decentralized finance applications in need of a dependable currency.
Understanding Binance-Peg BUSD: A Stablecoin with a Unique Twist
Binance-Peg BUSD is a stablecoin that has garnered attention in the cryptocurrency market due to its unique characteristics and position within the Binance ecosystem. As its name suggests, BUSD is pegged to the US dollar, aiming to provide a stable and reliable store of value amidst the notoriously volatile crypto market. Launched as a part of Binance's offerings, this stablecoin is designed to maintain a 1:1 ratio with the US dollar, providing users with reassurance in terms of value stability.
The Mechanics of Binance-Peg BUSD
Binance-Peg BUSD operates on the Binance Smart Chain (BSC), leveraging Binance's infrastructure to offer fast and low-cost transactions. This pegged version of the native BUSD is backed by Binance itself, providing a degree of trust for users. The primary utility of BUSD is to facilitate trading with minimal risk of value fluctuation, making it an attractive option for traders and investors looking to maintain liquidity while mitigating the risks associated with traditional cryptocurrencies.
Advantages of Binance-Peg BUSD
One of the primary advantages of Binance-Peg BUSD is its stability. Since it is pegged to the US dollar, it provides a reliable hedge against the volatility of other cryptocurrencies. Furthermore, the Binance Smart Chain enables lower transaction fees and faster processing times compared to other blockchain networks, enhancing BUSD's practicality for everyday transactions and trading activities.
Additionally, Binance-Peg BUSD is deeply integrated within the Binance ecosystem, making it highly accessible for users looking to engage in a variety of DeFi opportunities and leveraged trading pairs. Its backing by Binance also instills a level of confidence, especially among Binance users already familiar with the platform's credibility.
Drawbacks of Binance-Peg BUSD
Despite its benefits, Binance-Peg BUSD is not without its drawbacks. One potential issue is the centralization risk associated with reliance on Binance. As a centralized entity, any regulatory or operational issues faced by Binance could potentially impact BUSD's functionality or value. This centralization contrasts with the decentralized ideal inherent to many cryptocurrencies.
Moreover, though it is pegged to the USD, it relies on the operational robustness of Binance's infrastructure. Any disruption in Binance's operations could potentially affect BUSD's liquidity or stability. Users should weigh these considerations when opting for BUSD as part of their portfolio.
Past Performance and Evolution
Historically, Binance-Peg BUSD has maintained a close peg to the US dollar, as evidenced by its consistent market performance. Despite slight fluctuations, likely due to short-term market dynamics or infrastructure-related factors, BUSD has successfully fulfilled its role as a stable medium of exchange. It recorded an all-time high of $1.064, and an all-time low of $0.954278, demonstrating its resilience over time.
Future Prospects for Binance-Peg BUSD
The future of Binance-Peg BUSD looks promising, as stablecoins continue to play a crucial role in the broader cryptocurrency ecosystem. With increasing global regulatory scrutiny on stablecoins, BUSD is well-positioned to leverage Binance's robust compliance measures and regulatory engagement strategies. Moreover, as the Binance Smart Chain and its ecosystem grow, BUSD is likely to see expanded use cases and adoption.
As more individuals and institutions enter the crypto space, the demand for stablecoins like BUSD could rise. However, ongoing vigilance regarding regulatory developments and infrastructure challenges will be essential for maintaining its market position. For now, Binance-Peg BUSD remains an integral component of a diversified crypto portfolio, valued for its stability and usability.
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from price
$1
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General Information |
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Title
Binance-Peg BUSD
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Symbol
busd
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Whitepaper
-
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Website
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Community
-
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
1.001
$
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High 24h
1.015
$
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Low 24h
0.98789
$
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Price Change 24h
0.00364574
$
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Price Change % 24h
0.36568
%
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Market Data |
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Market Cap
367946009
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Total Volume
8896405
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Market Cap Change 24h
-118941.8664847
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Market Cap Change % 24h
-0.03232
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
367662861.87568
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Total Supply
367662861.87568
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Max Supply
-
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Historical Data |
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All Time High (ATH)
1.064
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ATH Change %
-5.87136
%
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ATH Date
2023-10-23 22:45
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All Time Low (ATL)
0.954278
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ATL Change %
4.95385
%
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ATL Date
2023-11-21 17:49
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