Binance-Peg BUSD (BUSD) Price Today

Binance USD Key Events

Here’s all that has happened in the Binance USD coin’s lifecycle:

• Binance USD came into existence in September 2019. The next month, Binance added BUSD as a deposit and withdrawal option on its exchange platform.
• By the end of 2019, BUSD had joined the list of trading pairs available on Binance. Around the same time, the project announced a 3% cashback in Binance Coin.
• In April 2020, BUSD became a collateral option for digital assets on the Binance exchange.
• During the crypto market’s flash crash in March 2020, the value of the BUSD deviated sharply from the $1 mark.
• On March 11, 2020, the price of Binance USD touched both its all-time high and all-time low within just 24 hours, according to crypto data sites.
• In November 2020, Binance started BUSD-settled perpetual contracts to help users trade with leverage.
• In December 2020, BUSD became the base currency for Binance’s staking program. Thus, it became possible for users to earn stake rewards with BUSD.
• The lending and borrowing services using BUSD started on the Binance platform in March 2021. The next month, BUSD holders got interest-bearing accounts that incentivize them based on the size of their holdings.
• In April 2021, Binance Exchange announced that nearly more than 400 dApps support BUSD.
• Binance Exchange’s American headquarters have added BUSD as a trading pair for a variety of cryptocurrencies.
• In May 2022, BUSD became the 4^th largest stablecoin within the crypto market. By December, BUSD’s market cap reached $19 billion.