Coins: 10053 Exchanges: 946 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
Log in | Sign up
Close
LIVE
Wrapped BUSD price

Wrapped BUSD Price (WBUSD)

$0.994283

0.59%
Rank #6628

Wrapped BUSD Price Chart (WBUSD/USD)

Last updated 15 Jun 2022, 20:37PM UTC. Currency in USD.

Market Cap
$0
Volume (24h)
$625,388
Change
0.59%
Circulating Supply
0
All Time High
$1
Markets
# Exchange Pair Price Spread Volume(24h) Trust

WBUSD Price Statistics

$1
24H Range
$1
  • Wrapped BUSD Price Now $1
  • 24h Low / 24h High $1 / $1
  • Trading Volume $625,388
  • Market Cap Rank #0
  • Market Cap $0
  • Volume / Market Cap 0.0000
  • All-Time High $1 -21.45%
    Apr 06, 2022
  • All-Time Low $1 58.52%
    May 11, 2022
Homepage:
www.benderlabs.io
Explorers:
tzkt.io
Forum:
medium.com
Chat:
Announcement:
Social:
Twitter Telegram
Bitcointalk:
Github:


Wrapped BUSD: A Simplified Introduction to Cryptocurrency

What is Wrapped BUSD?

Wrapped BUSD is a type of cryptocurrency that has gained popularity in recent years. It is a digital asset created on the Binance Smart Chain (BSC) and is pegged to the value of BUSD, which stands for Binance USD.

BUSD is a stablecoin, meaning its value is designed to be stable and is usually pegged to a fiat currency like the US dollar. Wrapped BUSD serves as a bridge between the BSC and other blockchain networks, allowing users to access BUSD and its benefits on BSC.

How Does Wrapped BUSD Work?

Wrapped BUSD functions by locking real BUSD tokens in a smart contract on BSC. In return, an equivalent amount of wrapped BUSD tokens is generated and provided to the user. These wrapped tokens can then be freely moved and traded on the Binance Smart Chain.

The purpose of wrapping BUSD is to enable BUSD holders to utilize their assets on the Binance Smart Chain ecosystem, which offers various decentralized applications (DApps) and decentralized finance (DeFi) opportunities. This way, users can benefit from the advantages of both BUSD stability and the BSC ecosystem.

Benefits and Use Cases

One of the main benefits of Wrapped BUSD is its interoperability. It allows users to utilize BUSD assets in DeFi applications like lending, yield farming, and decentralized exchanges on the Binance Smart Chain.

Furthermore, Wrapped BUSD provides an efficient way to transfer BUSD across different blockchain networks. This can be useful for traders who wish to move BUSD between Binance Smart Chain and other blockchains.

Overall, Wrapped BUSD offers increased flexibility in utilizing BUSD assets while maintaining their stability. It opens up opportunities for users to engage in a wider range of financial activities on the blockchain.


In conclusion, Wrapped BUSD serves as a bridge between BUSD and the Binance Smart Chain ecosystem. It allows users to access BUSD's stability while benefiting from the numerous opportunities provided by the BSC network. With its interoperability and flexibility, Wrapped BUSD has gained popularity among cryptocurrency enthusiasts seeking to leverage the advantages of both stablecoins and DeFi applications.