Binance’s BUSD Stablecoin Turns 1 Year Old

Binance’s BUSD Stablecoin Turns 1 Year Old

One year ago, Binance, the largest cryptocurrency exchange in the world, released their stablecoin, BUSD, to the market. It has since become of the market leading cryptocurrency stablecoins.

One year ago today, Binance released their BUSD stablecoin in conjuction with Paxos. BUSD is a trusted stablecoin that can be used within the Binance ecosystem. Within the first year, Binance was able to ramp up stablecoin minting and were able to mint $1 billion in BUSD in only 261 days. Since then, BUSD has posted some impressive statistics, such as:

  • $2.4 billion BUSD issued in total.
  • $230 million in peak market capitalization, reached just today.
  • 155,000 users holding BUSD on Binance, plus thousands more on many other crypto platforms.
  • 97 trading pairs on Binance, with dozens more on other exchanges.
  • 60+ use cases on many crypto platforms
  • 30+ exchanges and DEX that list BUSD
  • 0 maker fees for BUSD trading on Binance

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