Convert and swap Binance USD BUSD to Ethiopian Birr ETB

BUSD/ETB: 1 Binance USD equals ETB 117.26 ETB

Binance USD (BUSD) is not tradable on Coinbase.

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Last update: 4:52 PM, September 20, 2024

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Binance USD market latest

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Binance USD is falling this week.

The current price of Binance USD is ETB 117.26 per BUSD. With a circulating supply of 69,511,447.778 BUSD, it means that Binance USD has a total market cap of ETB 8,150,996,980.12. The amount of Binance USD traded has risen by ETB 446,429,331.90 in the last 24 hours, which is a 46.55% increase. Additionally, in the last day, ETB 959,053,257.27 worth of BUSD has been traded.

ETB 8.2B
ETB 959.1M
69.5M BUSD

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About Binance USD

Binance USD (BUSD) is a stablecoin running on Ethereum. For stablecoins like BUSD, the company behind the protocol is responsible for holding reserves that fully back each token. The companies behind BUSD, Binance and Paxos, claim that each BUSD token is backed by and corresponds to one dollar held in traditional bank accounts. Note: Coinbase only supports BUSD on the Ethereum blockchain (ERC-20).

Binance USD (BUSD) is a digital fiat currency that aims to combine the stability of the US dollar with the innovative potential of blockchain technology. It is a 1:1 USD-backed stable coin, meaning each BUSD token is equivalent to one US dollar. This stable coin is issued as ERC-20 and supports BEP-2, two popular standards for creating and issuing smart contracts on the Ethereum and Binance Smart Chain platforms respectively. BUSD is approved and regulated by the New York State Department of Financial Services (NYDFS), ensuring its compliance with financial regulations. It is issued by Paxos Trust Company, LLC in partnership with Binance.

BUSD operates on the principle of being fully backed by reserves held in either fiat cash in dedicated omnibus accounts at insured U.S. banks or U.S. Treasury bills. This backing ensures the stability of the BUSD value, making it a reliable digital representation of the US dollar on the blockchain. The issuance and redemption of BUSD can be done without any extra fee. It is issued on the Ethereum blockchain, and a wrapped version of BUSD is also offered on the Binance Smart Chain.

BUSD strives to serve a variety of use cases in the digital economy. Its price stability makes it a valuable asset in transactions, payments, and settlement, as well as in Decentralized Finance (DeFi). BUSD can be transferred anywhere in minutes, with low cost and on the blockchain, making it a convenient medium of exchange. It can also be used as payment for goods and services, as collateral and loan asset, and as cross collateral in Futures. Furthermore, BUSD can be stored on an exchange or in a wallet, providing users with flexibility in managing their digital assets.

Launched on September 5, 2019, BUSD has seen significant growth, particularly in 2021. The stablecoin's market capitalization grew from around US$1B at the start of 2021, to over US$14.6B at the end of the year, making it one of the largest stablecoins by market cap. This growth is largely attributed to increased user adoption as more wallets, platforms, services, and exchanges began to support BUSD. In April 2022, Binance made a notable donation of $2.5 million in BUSD to a UN refugee agency, marking the agency's first stablecoin crypto donation and demonstrating the potential of cryptocurrency in supporting humanitarian aid.

How Binance USD and Ethiopian Birr differ

Binance USD (BUSD) and the Ethiopian Birr (ETB) are two distinct forms of currency, each with its unique characteristics. BUSD is a digital fiat currency that aims to merge the stability of the US dollar with the innovative potential of blockchain technology. It's a 1:1 USD-backed stable coin, meaning each BUSD token is equivalent to one US dollar. This stable coin operates on the principle of being fully backed by reserves held in either fiat cash in dedicated omnibus accounts at insured U.S. banks or U.S. Treasury bills. BUSD strives to serve a variety of use cases in the digital economy, including transactions, payments, and settlement, as well as in Decentralized Finance (DeFi). On the other hand, the Ethiopian Birr (ETB) is the official currency of Ethiopia, a traditional fiat currency regulated by the National Bank of Ethiopia. Unlike BUSD, ETB is not backed by the US dollar and does not operate on blockchain technology. It is used for all standard financial transactions within Ethiopia, including buying goods and services, and it does not have the same global reach or digital flexibility as BUSD.

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BUSD to Ethiopian Birr conversion tables

The exchange rate of Binance USD is decreasing.

The current value of 1 BUSD is ETB 117.26 ETB. In other words, to buy 5 Binance USD, it would cost you ETB 586.30 ETB. Inversely, ETB 1.00 ETB would allow you to trade for 0.0085 BUSD while ETB 50.00 ETB would convert to 0.4264 BUSD, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 0%. Meanwhile, in the last 24 hours, the rate has changed by 0.15%, and that the the highest exchange rate of 1 BUSD to Ethiopian Birr was ETB 117.71 ETB and the lowest 24 hour value was 1 BUSD for ETB 115.31 ETB. This time last month, the value of 1 BUSD was ETB 109.00 ETB, which is a 0.01% increase from where it is now. Looking back a year, Binance USD has changed by ETB 55.32 ETB.

BUSD to ETB performance history

Price 24H ago
Change 24H
Price 1W ago
Change 1W
Price 1M ago
Change 1M
Price 1Y ago
Change 1Y
ETB 116.08 ETB
-0.15%
ETB 115.48 ETB
-0.00%
ETB 109.00 ETB
-0.01%
ETB 55.32 ETB
0.14%

BUSD to ETB

Amount
Today at 4:52 pm
0.5 BUSD
ETB 58.63
1 BUSD
ETB 117.26
5 BUSD
ETB 586.30
10 BUSD
ETB 1,172.60
50 BUSD
ETB 5,863.02
100 BUSD
ETB 11,726.04
500 BUSD
ETB 58,630.20
1,000 BUSD
ETB 117,260.41

ETB to BUSD

Amount
Today at 4:52 pm
0.5 ETB
0.0043 BUSD
1 ETB
0.0085 BUSD
5 ETB
0.0426 BUSD
10 ETB
0.0853 BUSD
50 ETB
0.43 BUSD
100 ETB
0.85 BUSD
500 ETB
4.26 BUSD
1,000 ETB
8.53 BUSD

Today vs. 24 hours ago

Amount
Today at 4:52 pm
24 hours ago
24H Change
0.5 BUSD
ETB 58.63
ETB 58.71
-0.14%
1 BUSD
ETB 117.26
ETB 117.42
-0.14%
5 BUSD
ETB 586.30
ETB 587.10
-0.14%
10 BUSD
ETB 1,172.60
ETB 1,174.21
-0.14%
50 BUSD
ETB 5,863.02
ETB 5,871.04
-0.14%
100 BUSD
ETB 11,726.04
ETB 11,742.08
-0.14%
500 BUSD
ETB 58,630.20
ETB 58,710.39
-0.14%
1,000 BUSD
ETB 117,260.41
ETB 117,420.78
-0.14%

Today vs. 1 month ago

Amount
Today at 4:52 pm
1 months ago
1M Change
0.5 BUSD
ETB 58.63
ETB 58.65
-0.03%
1 BUSD
ETB 117.26
ETB 117.30
-0.03%
5 BUSD
ETB 586.30
ETB 586.50
-0.03%
10 BUSD
ETB 1,172.60
ETB 1,173.00
-0.03%
50 BUSD
ETB 5,863.02
ETB 5,865.01
-0.03%
100 BUSD
ETB 11,726.04
ETB 11,730.02
-0.03%
500 BUSD
ETB 58,630.20
ETB 58,650.10
-0.03%
1,000 BUSD
ETB 117,260.41
ETB 117,300.20
-0.03%

Today vs. 1 year ago

Amount
Today at 4:52 pm
1 year ago
1Y Change
0.5 BUSD
ETB 58.63
ETB 58.61
+0.03%
1 BUSD
ETB 117.26
ETB 117.23
+0.03%
5 BUSD
ETB 586.30
ETB 586.15
+0.03%
10 BUSD
ETB 1,172.60
ETB 1,172.30
+0.03%
50 BUSD
ETB 5,863.02
ETB 5,861.49
+0.03%
100 BUSD
ETB 11,726.04
ETB 11,722.98
+0.03%
500 BUSD
ETB 58,630.20
ETB 58,614.92
+0.03%
1,000 BUSD
ETB 117,260.41
ETB 117,229.84
+0.03%

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