Latest Binance USD News

  • BitTorrent Adds Binance USD as a Payment Option
    BitTorrent Adds Binance USD as a Payment Option
    BitTorrent users can now purchase BitTorrent and µTorrent Classic Pro with BUSD and Binance’s native token BNB. BitTorrent, a major file sharing service operating under Tron (TRX) developer, has added Binance’s USD stablecoin, BUSD, as payment option. As officially announced on July 9, BitTorrent users are now able to buy BitTorrent and µTorrent Classic Pro with BUSD and Binance’s native token, BNB. With the new addition, BitTorrent now totally features six crypto payment options on its platform. Binance’s BUSD joins the list of already supported cryptocurrencies including Bitcoin (BTC), BitTorrent’s utility token BTT, Okex’s OCB, TRX, and BNB. Alongside the BUSD addition, BitTorrent and µTorrent have also replaced the ERC-20 BNB token with the faster and more liquid BNB (BEP2) as a payment option.
  • Justin Sun’s BitTorrent Introduces Binance USD (BUSD) As A Payment Option
    Justin Sun’s BitTorrent Introduces Binance USD (BUSD) As A Payment Option
    The torrent platform that Justin Sun acquired last year, BitTorrent, will now accept Binance USD (BUSD) as a payment option.
  • Tether Crosses $10B, Leaving Competing Stablecoins in the Dust
    Tether Crosses $10B, Leaving Competing Stablecoins in the Dust
    Tether, USD Coin, and Binance USD have posted triple-figure market cap growth this year. Crypto market data aggregator Messari reports that the market cap of leading stablecoin Tether (USDT) has surpassed $10 billion for the first time. Alongside Bitcoin (BTC) and Ethereum (ETH), Tether is now one of three crypto assets with an eleven-figure capitalization.  Tether’s reported $10 billion market cap comes after year-to-date growth of 144% — with Tether representing $4.1 billion at the start of 2020.  However, data aggregators are at odds on Tether’s capitalization, with CoinGecko and CoinMarketCap estimating USDT’s market cap to be just over $9 billion.  USD Coin and Binance USD post strong growth The second-largest stablecoin by market cap, Circle’s USD Coin (USDC) has also seen triple-digit growth since early January — increasing from less than $450 million to over $930 million today. USDC has steadily grown since launching in October 2018 to currently comprise the 18th-largest crypto asset overall. Since launching in September of last year, Binance’s USD stablecoin BUSD has quickly emerged as a major player in the stablecoin sector — currently ranking fourth among stablecoins with a market cap of nearly $166 million. Binance has grown by more than 875% since representing roughly $17 million at the start of the year, now ranking as the 49th-largest crypto market. PAX and TUSD stagnate After starting the year with a capitalization of $225 million, Paxos Standard (PAX), the third-ranked stablecoin by market cap, has seen its market cap stagnate at $245 million since April, according to CoinMarketCap.  CoinMarketCap ranks Paxos as the 37th-largest crypto asset overall.
  • First Rupiah-Backed Stablecoin Launches on Binance and Tokocrypto
    First Rupiah-Backed Stablecoin Launches on Binance and Tokocrypto
    Binance launched the stablecoin on its own blockchain thanks to a collaboration with Indonesian crypto exchange Tokocrypto. Major cryptocurrency exchange Binance and Indonesian exchange Tokocrypto have listed a rupiah-backed stablecoin, Binance IDR (BIDR). According to an announcement on June 30, Binance and Tokocrypto users can now trade BIDR against Bitcoin (BTC), Binance Coin (BNB), Binance USD (BUSD), Tether (USDT) and Ether (ETH).
  • Buy Stablecoins With Your Credit Card in Lumi Wallet
    Buy Stablecoins With Your Credit Card in Lumi Wallet
    Lumi Wallet announced that from June 2020, Tether USDT, Binance USD, Paxos Standard Token, Celsius and Dai are available to purchase in Lumi Wallet with a credit card.