What is Binance USD (BUSD)?

Binance, the world's largest cryptocurrency exchange by volume, has shaken up the vital stablecoin market, announcing it will automatically move customers' funds to its Binance USD ( BUSD) stablecoin from alternatives, including the larger USD coin ( USDC ).

When will tether & USDC convert to BUSD?

The conversion is scheduled to begin Sept. 29. USDC, issued by Circle Internet Financial, is the second-ranked stablecoin after Tether’s USDT, with a market value of nearly $52 billion, according to data from CoinGecko. Binance’s stablecoin, BUSD, is a distant third at around $19.3 billion.

What is BUSD (BUSD)?

Launched on 5 Sep 2019, BUSD aims to meld the stability of the dollar with blockchain technology. It is a digital fiat currency, issued as ERC-20 and supports BEP-2. How can you buy BUSD?