Verified OGs:
9
CryptoFam:
232
Projects:
26551
BTC:
$108,413
0.17%
ETH:
$4,457.32
1.54%
ETH Gas
Low
Avarage
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Data by Etherscan
Market Cap:
$3.86T
Fear&Greed:
48

Binance USD (Linea) BUSD Logo
Binance USD (Linea) BUSD
$0.99811 0.01%
OG Score 0
Reviews 0
Binance USD (Linea) BUSD Logo

Binance USD (Linea) BUSD Price

$0.99811 0.01%
Low All Time High
$0.864571 $1.6

Introduction

Binance USD (BUSD) is a stablecoin issued by Binance and Paxos Trust, aiming to maintain a 1:1 peg to the US dollar through fiat reserves, akin to USDC and USDT.  More

OG Score 0
Reviews 0
Market Cap $0
Market Cap Rank # 999999

Token Stats

Fully Diluted Valuation $192,116
24H Trading Volume $2,184
24H Low / High $0.99 / $ 1.00
Circulating Supply 0.00
Total Supply 191.78 K
Max Supply

Info

Categories Linea Ecosystem
Founder Binance and Paxos
Website linea.build
Socials 1 more
Chains Linea Ecosystem
Explorer Lineaplorer 2 more
Contracts Binance USD (Linea) 0x7d4....2c0ad

BUSD/USD Price Chart

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$BUSD Community Sentiment

OG Evaluation

OG Score

OG Score Rank #NA
Reviews 0
Gem Score N/A

OGAudit Coin Evaluation Metrics

Innovation 0 .00
Innovation Evaluates whether the project introduces a unique, impactful solution that clearly outperforms competitors.
Security 0 .00
Security Assesses the robustness of smart contracts or protocol security, and the availability of up-to-date audit reports.
Community 0 .00
Community Measures how actively the team engages its community and whether governance decisions involve on-chain voting or transparent input.
Tokenomics 0 .00
Tokenomics Examines the utility of the token, distribution fairness, and whether there are clear incentives for long-term holding or usage. Also evaluates the project’s revenue model, including income sources, sustainability, and whether value flows back to token holders or the ecosystem.
Team 0 .00
Team Evaluates the experience,credibility of the founding and development team.
Roadmap 0 .00
Roadmap Assesses the clarity, transparency, and timely execution of the project's development roadmap.

Binance USD (Linea) $busd User Reviews

What Crypto OGs are Saying About Binance USD (Linea)

$busd Markets

Name Pair OG Score

About Binance USD (Linea) $busd

What is Binance USD (Linea) (BUSD)?

In the ever-evolving landscape of cryptocurrencies, stablecoins have emerged as a crucial bridge between traditional finance and blockchain technology. Among them, Binance USD (BUSD) stands out as a fiat-backed stablecoin that has gained significant traction since its launch on September 5, 2019. Let's explore the key features, use cases, and the growing ecosystem of BUSD.
Key Features and Regulation
BUSD is a 1:1 USD-backed stablecoin, meaning that its value is directly pegged to the US dollar. It is issued as an ERC-20 token on the Ethereum blockchain and supports BEP-2, making it accessible on different platforms. What sets BUSD apart is its regulatory approval by the New York State Department of Financial Services (NYDFS), ensuring a level of transparency and security for users.
Paxos Trust Company serves as the custodian and issuer of BUSD, holding reserves in US bank accounts equivalent to the circulating supply of BUSD. Regular audits are conducted, with the latest report revealing that 96% of BUSD's assets are held in cash and cash equivalents, while 4% are invested in U.S. Treasury bills. This commitment to transparency adds an extra layer of trust for users.
Use Cases and Ecosystem Growth
The use cases for BUSD are diverse, reflecting its versatility within the crypto space. Users can transfer BUSD globally in minutes with low transaction costs, trade it on various exchanges and decentralized exchanges (DEX), or store it in wallets. BUSD also serves as a payment method for goods and services, offering stability in transactions.
One notable aspect of BUSD's growth is its expanding ecosystem. In 2021, BUSD's market capitalization soared from around US$1 billion to over US$14.6 billion, making it the third-largest stablecoin by market cap. This growth can be attributed to increased user adoption, with various wallets, platforms, services, DEXes, and CEXes supporting BUSD.
Stability Maintenance and Token Availability
To ensure the stability of the peg, Paxos engages in the minting and burning of BUSD tokens. When the price of BUSD drops below $1, arbitrageurs step in, purchasing large quantities of the stablecoin and converting them back to USD through Paxos. This process increases demand, restoring the 1:1 peg.
BUSD is not confined to a single blockchain; it exists on Ethereum, Binance Smart Chain (BSC), and Binance Chain. Additionally, wrapped versions of BUSD on other chains, such as Solana and Polygon, provide users with flexibility, allowing token swaps based on their needs.
Accessibility and Where to Acquire BUSD
BUSD offers three key attributes: accessibility, flexibility, and speed. Acquiring BUSD is convenient through Binance's exchange, fiat gateway services, or Paxos minting service. It is also available on various decentralized and centralized exchanges.
In conclusion, Binance USD (BUSD) has carved its niche in the cryptocurrency space by combining the stability of fiat currency with the efficiency of blockchain technology. With regulatory approval, a growing ecosystem, and a range of use cases, BUSD is poised to play a pivotal role in the future of decentralized finance and global transactions.

Binance USD (BUSD) can be acquired conveniently through Binance's exchange, fiat gateway services, or Paxos minting service. It is also available on various decentralized and centralized exchanges, providing accessibility, flexibility, and speed for users.

What is unique about Binance USD (Linea) (BUSD)?

Binance USD stands out as a fiat-backed stablecoin with a 1:1 peg to the US dollar, distinguished by regulatory approval from the New York State Department of Financial Services (NYDFS) and transparent reserves held by Paxos Trust Company.

Who are the founders of Binance USD (Linea) (BUSD)?

Binance USD (BUSD) is not founded by individuals; it is issued by Paxos Trust Company in collaboration with Binance.

Who are the backers/investors of Binance USD (Linea) (BUSD)?

Paxos Trust Company serves as the custodian and issuer of BUSD, ensuring transparency through regular audits and regulatory compliance.

What is the consensus mechanism of Binance USD (Linea) (BUSD)?

Where can I buy Binance USD (Linea) (BUSD)?

 Lynex, SyncSwap (Linea), iZiSwap (Linea), EchoDEXHorizonDEX

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