Wrapped BUSDPrice(WBUSD)
Details Wrapped BUSD (WBUSD) Price information (USD)
The current real-time price of WBUSD is $6.01. In the past 24 hours, WBUSD has traded between $6 and $6.01, showing strong market activity. The all-time high of WBUSD is $68,395, and the all-time low is $0.6016.
From a short-term perspective, the price change of WBUSD over the past 1 hour is
Wrapped BUSD (WBUSD) Market Information
Wrapped BUSD (WBUSD) Today's Price
The live price of WBUSD today is $6.01, with a current market cap of $0. The 24-hour trading volume is 7.57. The price of WBUSD to USD is updated in real time.
Wrapped BUSD (WBUSD) Price History (USD)
What is WRAPPED BUSD (WBUSD)?
When is the right time to buy WBUSD? Should I buy or sell WBUSD now?
Before deciding whether to buy or sell WBUSD, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s WBUSD technical analysis can provide you with trading references.
Future price trend of WBUSD
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for WBUSD.
How much will WBUSD be worth tomorrow, next week, or next month in ? What about your WBUSD assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! WBUSD Price Prediction
How to buy WRAPPED BUSD (WBUSD)
Convert WBUSD to local currency
WBUSD Resources
To learn more about WBUSD, consider exploring other resources such as the whitepaper, official website, and other published information:
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WRAPPED BUSD (WBUSD) FAQ
What is Wrapped BUSD (wBUSD)?
Wrapped BUSD (wBUSD) is a wrapped version of BUSD, which is a stablecoin pegged to the US Dollar. The primary purpose of wrapping tokens like BUSD is to extend their utility to different blockchains, thereby increasing interoperability within the decentralized finance (DeFi) ecosystem.
How does wBUSD differ from BUSD (Binance USD)?
BUSD is a fiat-collateralized stablecoin issued by Paxos in partnership with Binance, regulated by the New York Department of Financial Services (NYDFS), and primarily exists as an ERC-20 token on the Ethereum blockchain. wBUSD, often referred to as Binance-Peg BUSD, is a distinct token managed by Binance's pegging system. It's a wrapped version created for use on other networks, such as Binance's BNB Smart Chain (BEP-20) or other cross-chain bridged versions for blockchains like Polygon or Avalanche.
Why was wBUSD created? What is its purpose?
wBUSD was created to enable the BUSD stablecoin to be used on blockchains other than its native Ethereum network. This "wrapping" process allows for greater interoperability and interconnectedness in the digital asset space, making BUSD accessible for various DeFi activities and transactions on multiple chains.
How is the value of wBUSD maintained? Is it pegged to the US Dollar?
The value of wBUSD is designed to track the original BUSD at a 1:1 ratio. This peg is typically maintained by locking the collateral of the original asset. For Binance-Peg BUSD, each token corresponds to a BUSD token held in reserve by Paxos, the issuer of the native BUSD. BUSD itself maintains its dollar peg through reserves of US dollars and US Treasury bills, attested to monthly by an auditing firm.
Where can I buy or trade wBUSD?
wBUSD tokens can be traded on decentralized exchanges (DEXs). Users can also obtain wBUSD by swapping other tokens through crypto wallets that offer built-in swap functionalities or potentially on centralized exchanges, including platforms like LBank, if listed.
What is the future of wBUSD, especially given the status of BUSD?
While the future of wBUSD is not explicitly detailed, it's important to note that BUSD, the underlying asset, has faced regulatory challenges and its issuance has ceased. This situation generally leads to concerns about the long-term viability and liquidity of wrapped versions like wBUSD. Users are advised to stay informed about the status of BUSD and its implications for wBUSD.
