Convert and swap Binance USD BUSD to Turkish Lira TRY

BUSD/TRY: 1 Binance USD equals TRY 34.14 TRY

Binance USD (BUSD) is not tradable on Coinbase.

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Last update: 2:25 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 TRY 34.14 per BUSD. With a circulating supply of 69,511,447.778 BUSD, it means that Binance USD has a total market cap of TRY 2,372,667,388.09. The amount of Binance USD traded has risen by TRY 130,474,544.36 in the last 24 hours, which is a 46.70% increase. Additionally, in the last day, TRY 279,395,916.59 worth of BUSD has been traded.

TRY 2.4B
TRY 279.4M
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 Turkish Lira differ

Binance USD (BUSD) and Turkish Lira (TRY) 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 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. On the other hand, the Turkish Lira is the national currency of Turkey, a traditional fiat currency regulated by the Central Bank of the Republic of Turkey. Unlike BUSD, it doesn't operate on blockchain technology and its value is not pegged to another currency. BUSD is fully backed by reserves held in either fiat cash in dedicated omnibus accounts at insured U.S. banks or U.S. Treasury bills, ensuring its stability. It can be used in a variety of digital economy use cases, including transactions, payments, and settlement, as well as in Decentralized Finance (DeFi). The Turkish Lira, however, is used for all types of transactions within Turkey and can be physically held and spent.

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BUSD to Turkish Lira conversion tables

The exchange rate of Binance USD is decreasing.

The current value of 1 BUSD is TRY 34.14 TRY. In other words, to buy 5 Binance USD, it would cost you TRY 170.68 TRY. Inversely, TRY 1.00 TRY would allow you to trade for 0.0293 BUSD while TRY 50.00 TRY would convert to 1.4647 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 Turkish Lira was TRY 34.16 TRY and the lowest 24 hour value was 1 BUSD for TRY 34.04 TRY. This time last month, the value of 1 BUSD was TRY 33.92 TRY, which is a 0.02% increase from where it is now. Looking back a year, Binance USD has changed by TRY 26.97 TRY.

BUSD to TRY performance history

Price 24H ago
Change 24H
Price 1W ago
Change 1W
Price 1M ago
Change 1M
Price 1Y ago
Change 1Y
TRY 34.13 TRY
-0.15%
TRY 33.94 TRY
-0.00%
TRY 33.92 TRY
-0.02%
TRY 26.97 TRY
0.14%

BUSD to TRY

Amount
Today at 2:25 pm
0.5 BUSD
TRY 17.07
1 BUSD
TRY 34.14
5 BUSD
TRY 170.68
10 BUSD
TRY 341.36
50 BUSD
TRY 1,706.78
100 BUSD
TRY 3,413.56
500 BUSD
TRY 17,067.80
1,000 BUSD
TRY 34,135.61

TRY to BUSD

Amount
Today at 2:25 pm
0.5 TRY
0.0146 BUSD
1 TRY
0.0293 BUSD
5 TRY
0.15 BUSD
10 TRY
0.29 BUSD
50 TRY
1.46 BUSD
100 TRY
2.93 BUSD
500 TRY
14.65 BUSD
1,000 TRY
29.29 BUSD

Today vs. 24 hours ago

Amount
Today at 2:25 pm
24 hours ago
24H Change
0.5 BUSD
TRY 17.07
TRY 17.09
-0.14%
1 BUSD
TRY 34.14
TRY 34.18
-0.14%
5 BUSD
TRY 170.68
TRY 170.92
-0.14%
10 BUSD
TRY 341.36
TRY 341.85
-0.14%
50 BUSD
TRY 1,706.78
TRY 1,709.24
-0.14%
100 BUSD
TRY 3,413.56
TRY 3,418.48
-0.14%
500 BUSD
TRY 17,067.80
TRY 17,092.39
-0.14%
1,000 BUSD
TRY 34,135.61
TRY 34,184.78
-0.14%

Today vs. 1 month ago

Amount
Today at 2:25 pm
1 months ago
1M Change
0.5 BUSD
TRY 17.07
TRY 17.07
-0.03%
1 BUSD
TRY 34.14
TRY 34.15
-0.03%
5 BUSD
TRY 170.68
TRY 170.73
-0.03%
10 BUSD
TRY 341.36
TRY 341.45
-0.03%
50 BUSD
TRY 1,706.78
TRY 1,707.27
-0.03%
100 BUSD
TRY 3,413.56
TRY 3,414.55
-0.03%
500 BUSD
TRY 17,067.80
TRY 17,072.73
-0.03%
1,000 BUSD
TRY 34,135.61
TRY 34,145.45
-0.03%

Today vs. 1 year ago

Amount
Today at 2:25 pm
1 year ago
1Y Change
0.5 BUSD
TRY 17.07
TRY 17.06
+0.02%
1 BUSD
TRY 34.14
TRY 34.13
+0.02%
5 BUSD
TRY 170.68
TRY 170.65
+0.02%
10 BUSD
TRY 341.36
TRY 341.30
+0.02%
50 BUSD
TRY 1,706.78
TRY 1,706.49
+0.02%
100 BUSD
TRY 3,413.56
TRY 3,412.97
+0.02%
500 BUSD
TRY 17,067.80
TRY 17,064.86
+0.02%
1,000 BUSD
TRY 34,135.61
TRY 34,129.72
+0.02%

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