BUSD is a cryptocurrency that operates on the BNB Beacon Chain (BEP2) platform, designed to provide a stable digital asset pegged to the US dollar.

What are the risks associated with transferring BUSD?

Digital asset prices can be volatile, and users should verify contract addresses and networks before transferring assets. Self-custody requires secure handling of private keys and recovery phrases.

How can I verify BUSD before acquiring it?

Verify the asset name, network, and contract details before transferring. Ensure the destination address and network are correct.

Where can I find official resources for BUSD?

Official resources for BUSD can be found on the Binance website, GitHub for the contract source code, and various blockchain explorers.

BUSD (BUSD)

Rank #451

Market snapshot

Price: $1.00
Market cap: $34.4M
24h volume: $904,013.02
Circulating supply: 34,415,676.7898
Total supply: 34,415,676.7898
Max supply: N/A

What is BUSD?

BUSD (BUSD) is a cryptocurrency that operates on the BNB Beacon Chain (BEP2) platform. It is designed to provide a stable digital asset that is pegged to the US dollar, functioning as a stablecoin in the cryptocurrency market.

Key information

Symbol: BUSD
CMC rank: #451
Network / platforms: Avalanche C-Chain, Bitgert, BNB, BNB Chain
Categories: N/A
Date added: Sep 20, 2019

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Avalanche C-Chain
0x9C9e5fD8bbc25984B178FdCE6117Defa39d2db39
Bitgert
0x818ec0A7Fe18Ff94269904fCED6AE3DaE6d6dC0b
BNB
BUSD-BD1

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is BUSD?: BUSD is a cryptocurrency that operates on the BNB Beacon Chain (BEP2) platform, designed to provide a stable digital asset pegged to the US dollar.
What are the risks associated with transferring BUSD?: Digital asset prices can be volatile, and users should verify contract addresses and networks before transferring assets. Self-custody requires secure handling of private keys and recovery phrases.
How can I verify BUSD before acquiring it?: Verify the asset name, network, and contract details before transferring. Ensure the destination address and network are correct.
Where can I find official resources for BUSD?: Official resources for BUSD can be found on the Binance website, GitHub for the contract source code, and various blockchain explorers.

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