The BUSD ecosystem has grown exponentially in 2021. The current CoinMarketCap ranking is #6, with a live market cap of $17,538,691,660 USD.

Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos), Approved and regulated by the New York State Department of Financial Services (NYDFS), The BUSD Monthly Audit Report can be viewed from the official website. 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.

Here are some of the BUSD use cases:

• Transfer your digital dollars (BUSD) anywhere in minutes, at low cost and on the blockchain.
• Trade BUSD on different exchanges and DEX.
• Deposit BUSD to earn an interest rate.
• Pay BUSD as payment for goods and services.
• Use BUSD as collateral and loan asset.
• Use BUSD as cross collateral in Futures.
• Store BUSD on an exchange or in a wallet.

Based on the price stability, Stablecoin plays an important role in transactions, payments and settlement, and Decentralised Finance (DeFi).

This growth is largely due to more user adoption as wallets, platforms, and services, DEXes, and CEXes support BUSD.

It has a circulating supply of 17,547,224,379 BUSD coins and the max. supply is not available.

There are so many exchanges from which you can purchase BUSD including Binance, Paxos, Coinbase, CoinDCX, CoinSwitch, Stormgain, and many more