Binance USD’s Capitalization Exceeds $20B
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The market supply value of the stablecoin of crypto exchange Binance, Binance USD (BUSD), has surpassed the $20 billion level.
It is important to bear in mind that the asset has deviated significantly from parity with the dollar. Against the backdrop of a deep market drop on May 10, 2020, the price of BUSD fell to $0.938, but soon recovered.
On January 5, 2021, the market value of the stablecoin fell to $0.98, then returned to the target level. On February 28, 2021 and July 1, 2022, the price of BUSD reached $1.01.
Please note that Binance USD is the 3rd largest stablecoin in the market by capitalization, behind Tether (USDT) and USD Coin (USDC).
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