Binance USD Price Prediction

BUSD is a stablecoin backed by U.S. dollars with a ratio 1:1. It was created by Paxos and is controlled by the New York State Department of Financial Services. Appeared in 2019, the coin is included in the NYDFS green List, which allows NYDFS virtual currency licensees to utilize it for sales and storage. 

Every unit of stablecoin has $1 which is held in reserve. Shortly said, a number in dollars, equal to the entire BUSD offer, is kept in Paxos itself. It’s used as a reserve in US FDIC insured banks.    

We can highlight some of the BUSD advantages:

1. It is regulated
   
   The stablecoin is confirmed by NYDFS, which guarantees the safety of users.  
2. It is tied to U.S. dollars
   
   As we already said above, BUSD is completely backed by the fiat reserves. 
3. It is transparent
   
   A trusted auditing company checks the matching coin supply and underlying dollars every month.

BUSD Price Prediction 2023

As of February 2, 2023:

Walletinvestor shares the following prediction for BUSD: $1.000 for the beginning of the year and $1.001 for the end of 2023.

According to the forecast made by Digitalcoinprice.com analysts, the price of BUSD will be the same during the year, $1. This is an ordinary situation for a stablecoin pegged to fiat.

BUSD Price Prediction 2024

As of February 2, 2023:

As we go through the Digitalcoinprice, we can’t see a difference between the price of a BUSD in the beginning of 2024 and the end of the year. The reason behind it is that BUSD is a stablecoin, pegged to the U.S. dollar in 1:1 ratio. 

BUSD Price Prediction 2025

As of February 2, 2023:

BUSD is a stablecoin. The prognosis for the price of BUSD in 2025 is also as stable as can be: it will amount to $1. 

BUSD Price Prediction 2030

As of February 2, 2023:

Curious to see the prediction for the BUSD price in 2030? Its cost is pegged to the U.S. dollar. So, according to the ratio, the BUSD price will be $1. 

Conclusion

BUSD is a popular stablecoin, which truly justifies the word “stable”. It is pegged to the U.S. dollar and its price will always stay the same. BUSD has various use cases which makes it super easy to own — it’s available for trading, depositing in order to get an interest rate, using it as a collateral and loan asset etc. You can also pay with BUSD for different services of such firms as: Coinsbee (a service where you can buy gift cards of Itunes, Netflix, Steam, Amazon etc), Alternative Airlines and some others. 

If you are interested in stablecoins and want to own one, BUSD might be the one. It has been showing itself as a popular coin supported by a solid company, Binance.  

However, lately Binance has faced a number of issues. According to Coingecko, the circulating supply of the stablecoin decreased to $15,4 billion. It equals a $2 billion reduction of BUSD. This doesn’t mean Binance has lost the trust of investors forever — hopefully, Changpeng Zhao and his team will be able to fix the situation in a short period of time.          

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.