Binance USD (zkSync)
BUSD is a fully collateralized stablecoin issued by Binance and backed by USD reserves held with a licensed custodian (Paxos).
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- zkSync Era
- Contract address
- Website
- Community
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- Asset Type: ERC-20
- Market Cap: $368M
- Fully Diluted Valluation: $368M
- FDV / MC: 1
- Ranking inside Exponential (among stables): #9
- Circulating Supply: 367,662,862
- Total Supply: 367,662,862
- Volume (24H): $6.6M
- ATH: $1.06 (10/23/2023)
- ATL: $0.95 (11/21/2023)
BUSD is a large-cap, fully collateralized asset. This asset depends on a centralized entity for custody services. This asset is exposed to the underlying risks of cBridge, a protocol rated as Watch out.
BUSD is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.
BUSD has an uncapped supply but has inflation control or burn mechanisms in place. BUSD on BNB Chain is backed 1:1 by BUSD locked on Ethereum by Binance. Each regular BUSD (ERC-20) is backed 1:1 by USD reserves held with a licensed custodian (Paxos). BUSD is fully redeemable for its USD reserves, providing an effective mechanism to retain the peg to $1.