Halal Rating :
Last Price $1.00 Last updated:
Rank 29
1D Change 0.00 %
Market Cap $2.26b
Circulating supply 2,259,538,504
Maximum supply None

Crypto Overview

  • Stablecoin
  • Asset-Backed Stablecoin
  • Binance Chain
  • Harmony Ecosystem
  • Moonriver Ecosystem
  • USD Stablecoin
  • Optimism Ecosystem

Binance USD (BUSD) is a stable coin pegged to USD that has received approval from the New York State Department of Financial Services (NYDFS). BUSD will be available for direct purchase and redemption at a rate of 1 BUSD = 1 USD.

Crypto Impact

To assign a comfort level investing in BUSD from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to BUSD.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating