As of 09:30 AM (UTC) today, BTC is trading at $27,542, down by -0.08%.Most major cryptocurrencies by market cap are trading mixed. The global cryptocurrency market cap now stands at $1.09T, down by -2.53% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $27,161 and $27,636 over the past 24 hours. Market outperformers include STPT, LOOM, and ARK, up by 33%, 28%, and 13%, respectively.Top stories of the day:Binance Feed Now Open to All: User-centric Social Platform Invites Crypto Content SharingBinance Research: Crypto Market Stays Steady in September 2023 Despite Global Challenges Friend.tech Responds to SIM-Swap Attacks with Account Login Changes Bitcoin Outperforms US Dollar Amid 'Eggflation' Says Federal Reserve Data DOJ Targets Luxury Jets Owned by Sam Bankman-Fried for ForfeitureMarket movers:ETH: $1639.63 (-0.42%)BNB: $212.6 (+0.00%)XRP: $0.5221 (-1.34%)SOL: $23.07 (-2.25%)ADA: $0.2576 (+0.12%)DOGE: $0.06106 (-0.13%)TRX: $0.08933 (+0.21%)MATIC: $0.5587 (-5.75%)DOT: $4.069 (+0.54%)LTC: $64.66 (+0.26%)Top gainers on Binance:STPT/BUSD (+33%)LOOM/BUSD (+28%)ARK/BUSD (+13%) As of 09:30 AM (UTC) today, BTC is trading at $27,686, up by 0.52%.Most major cryptocurrencies by market cap are trading mixed. The global cryptocurrency market cap now stands at $1.09T, down by -0.37% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $27,330 and $27,896 over the past 24 hours. Today, with more than 3 million active holders and 18 billion coins in circulation, BUSD is accepted as payment by a variety of businesses and individuals globally. Because of this, BUSD is considered one of the safest among the top stablecoin in existence.īUSD is used as a means of payment that can be sent internationally and verified on the public blockchain ledger within seconds. This very strict accounting and reconciliation process necessitates a monthly audit in order to verify the safety of investors’ funds, as well as other security measures put in place by the New York Department of Financial Services (NYDFS) and other regulatory agencies.Īdditionally, BUSD is one of the only existing fiat-backed stablecoins with records that verify the security of its physical reserves. The partnership entails Paxos holding the equivalent of fiat USD in reserve for every BUSD stablecoin in circulation. Binance USD (BUSD) is a stablecoin , so its value is pegged to a fiat currency - in this case, the US dollar.īUSD was launched in September 2019 as part of a joint partnership between Binance and blockchain and finance company Paxos, headquartered in New York.
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