Binance USD to Pax Dollar correlation
Both BUSD and USDP are stablecoins that are pegged to the US Dollar in a 1:1 ratio. Therefore, the correlation between them is 1:1 as well. Minor difference can occur due to them being traded on different markets.
Live BUSD Price Change and Market Cap
Currently, the BUSD price is 0$. According to the Binance USD price chart, the 24-hour change is 0.00%. The total market capitalization of Binance USD is $0 with 0 BUSD in circulation. In the previous 24 hours, the Binance USD price hit highs of 0$ and lows of 0$.
Binance USD Price Prediction
Binance USD is a stablecoin launched by the Binance Exchange. As the value of BUSD is backed by the US Dollar, the price will not go through any changes. The peg is in the ratio of 1:1 which means that BUSD price will always be equal to $1 in any given time regardless of the market conditions. So, in the short-term and even in the long-run the Binance USD price will remain more or less the same.
BUSD to USDP exchange margin
The closing conversion rate for BUSD to USDP yesterday was {{LAST}}. Considering today’s exchange rate, a transaction of 1 BUSD to USDP would result in an output of 0$.
How to convert Binance USD to Pax Dollar
Binance USD and Pax Dollar comparison
Binance USD is a stablecoin issued jointly by Binance and Paxos. BUSD is backed by the US Dollar at a ratio of 1:1 which keeps its value equal to $1 regardless of the market fluctuations. BUSD is an ERC-20 token and approved by the New York State Department of Financial Services (NYDFS).
Pax Dollar, previously Paxos Standard, belongs to a new domain of cryptocurrencies called stablecoins. Every USDP token is backed by the US Dollar at a 1:1 ratio which keeps its value equal to $1 regardless of the market conditions. The firm behind Pax Dollar publishes real-time data about the escrow accounts holding USD. Essentially, these two stablecoins are different only in their contracts and issuers.
What is Binance USD?
The cryptocurrency industry has come so far that there are many different categories of cryptocurrencies now. Binance USD is one which belongs to the new range called stablecoins. Stablecoins are cryptocurrencies that are backed by a fiat currency or physical assets to maintain their value and avoid volatility. Binance USD was launched by the popular cryptocurrency exchange Binance in 2019. Binance USD was created in collaboration with Paxos, the firm behind Paxos Standard.
Binance USD is a stablecoin and BUSD is its trading ticker. It can be held or traded similarly to other cryptocurrencies. BUSD is pegged to the US Dollar at a ratio of 1:1 which means that the value of 1 BUSD will always be equal to $1 regardless of the market conditions. PAX acts as the custodian for the US Dollars that back the BUSD. Moreover, BUSD is approved by the New York State Department of Financial Services (NYDFS) which adds more credibility to it.
Binance USD to Pax Dollar price details
BUSD to USDP Conversion Rate and Price
At the moment, the conversion rate for 1 BUSD equals to 0$. The 24-hour highest price of Binance USD in relation to USDP was 0$ and the lowest was 0$. In short, BUSD price in relation to USDP changed by 0.00%.
Instantly Exchange BUSD to USDP
On ChangeHero you can instantly exchange Binance USD to Pax Dollar without registrations. You can easily convert BUSD to USDP in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your BUSD to USDP exchange.
BUSD to USDP Best Rate Exchange
For the the Best Rate exchange of Binance USD to Pax Dollar, we search through various exchanges for the BUSD to USDP pair and find the best rate available in the market. We provide you with an estimation of the amount of USDP you will receive.
As soon as you accept the terms and the BUSD is deposited, the exchange will be automatically processed. We remind you that the final amount of USDP you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of BUSD to USDP.
BUSD to USDP Fixed Rate Conversion
For the the Fixed Rate exchange of Binance USD to Pax Dollar, ChangeHero finds a good rate for the pair BUSD to USDP and fix the rate for up to 15 minutes. In the Best Rate exchange of BUSD to USDP, you will receive the exact amount of USDP which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the specified USDP address. ChangeHero is the best place to exchange BUSD to USDP fast and safe at the best rates.
Frequently asked questions
How long does it take to convert BUSD to USDP?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange BUSD to USDP?
No, you do not require an account to swap BUSD to USDP on ChangeHero. There will be no registrations for your Binance USD to Pax Dollar transaction.
Do I need to go through KYC procedures for BUSD to USDP exchange?
There will be no KYC for the BUSD to USDP exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure which takes a few minutes.
Can I exchange USDP to BUSD?
Yes, you can instantly exchange USDP to BUSD on ChangeHero.
