Tether/strong>/a> and <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-usd-coin-usdc/">USDC/strong>/a>. The market cap of the Binance USD crypto project grew enormously in 2021 <strong>from $1 billion to $14.6 billion.<\/strong><\/p>\r\n<p>The reason why Binance USD managed to become so popular is that it’s compatible with a huge variety of wallets, exchanges, and various other platforms. The platforms that support Binance USD coins include:<\/p>\r\n<ul>\r\n<li><strong>Decentralized exchanges: <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//goon//uniswap/" target=\"_blank\" rel=\"nofollow noindex noopener\">Uniswap<\/a><\/strong>, <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//goon//curve/" target=\"_blank\" rel=\"nofollow noindex noopener\">Curve Finance<\/a><\/strong>, <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//goon//sushiswap/" target=\"_blank\" rel=\"nofollow noindex noopener\">SushiSwap<\/a><\/strong>, etc.<\/li>\r\n<li><strong>Centralized exchanges: <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//goon//gate-io/" target=\"_blank\" rel=\"nofollow noindex noopener\">Gate.io<\/a><\/strong>, <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//goon//ftx/" target=\"_blank\" rel=\"nofollow noindex noopener\">FTX<\/a><\/strong>, etc.<\/li>\r\n<li><strong>Crypto wallets: <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//goon//trezor-shop/" target=\"_blank\" rel=\"nofollow noindex noopener\">Trezor<\/a><\/strong>, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//metamask-wallet-review/">MetaMask/strong>/a>, etc.<\/li>\r\n<li><strong>Other platforms: <\/strong>Travala, Moonpay, Wyre, etc.<\/li>\r\n<\/ul>\r\n<p>To see the full list of the platforms that support Binance USD, check out their official website.<\/p>\r\n<h2>The Purpose of Binance USD (BUSD)<\/h2>\r\n<p>Essentially, the main goal of the Binance USD coin (or any other stablecoin for that matter) is to <strong>bring the stability of fiat currencies (in this case the US Dollar) to the crypto market. <\/strong>The stability of the Binance USD price makes it a great instrument for reducing the overall volatility of the cryptocurrency market. But take note that even the BUSD price fluctuates a little. The fluctuating range, nevertheless, remains pretty close to $1. See for yourself by looking at the BUSD price chart featured above.<\/p>\r\n<p>Apart from stabilizing crypto market fluctuations, BUSD can also be used as a <strong>loan asset, collateral, or payment method for various products or services<\/strong><strong>.<\/strong> BUSD transactions are completed in a matter of minutes while also keeping the price of transaction fees low. Besides, you can earn an interest rate by depositing Binance USD tokens.<\/p>\r\n<p>Lastly, note that BUSD can be used for <strong>lending or yield farming<\/strong> on Blockfi, Celsius, Binance, and other platforms.<\/p>","link":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/binance-usd-busd-price","crypto_currency_info":{"id":247,"crypto_currency_id":237,"description":"Binance USD (BUSD) is a cryptocurrency and operates on the BNB Beacon Chain (BEP2) platform. 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:fiat-currency="{"name":"United States Dollar","logo":"\/crypto-prices\/fiat-logos\/USD.svg","symbol":"USD","sign":"$","price":1}"
>