Venus BUSD (VBUSD)
Details about Venus BUSD cryptocurrency
Venus BUSD
VBUSD
Unknown for now
€0
53,066,597
0
Unknown
https://venus.io/
@VenusProtocol
1172400x
€24325.9
Venus BUSD price charts
VBUSD exchanges
Venus BUSD, the crypto
Venus BUSD (VBUSD) is a cryptocurrency that is pegged to the value of the US dollar. It is issued by the Venus Protocol, a decentralized finance (DeFi) platform built on the Binance Smart Chain.
The point
The main point of Venus BUSD (VBUSD) is to provide users with a stablecoin that they can use within the Venus Protocol ecosystem. Because it is pegged to the US dollar, it can be used for things like lending and borrowing without users having to worry about the volatility of other cryptocurrencies.
The problem
Venus BUSD (VBUSD) tries to solve the problem of volatility in the cryptocurrency market. By providing a stablecoin that is pegged to the US dollar, users can engage in different types of DeFi transactions without having to worry about the value of their assets fluctuating wildly. This makes transactions more predictable and can help to reduce risk.
Compare VBUSD and BTC performance
Timeframe | VBUSD | BTC |
---|---|---|
1h change | -0.093755 % | -0.158584 % |
24h change | 0.51 % | 3.27017 % |
7 day change | 1.38 % | 9.29633 % |
14 day change | -0.1 % | 2.30959 % |
30 day change | 0.6 % | 24.6099 % |
200 day change | -0.31 % | 173.296 % |
Year change | 2.07 % | 160.06 % |