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Pharos

Balanced Dollar (BNUSD) stablecoin analytics

bnUSD is Balanced's cross-chain decentralized dollar backed by crypto loan collateral and USDC or USDT held in its Stability Fund.

Static Profile

Static stablecoin profile

Balanced Dollar (BNUSD) static profile: governance model Decentralized (DeFi); backing model Crypto-Collateralized; peg US Dollar.

AI summary / Updated May 15, 2026

bnUSD is Balanced's decentralized dollar stablecoin on ICON, minted from overcollateralized CDPs against sICX and bridged cross-chain via xCall. BNUSD is the overcollateralized stablecoin of Balanced, a Cosmos/ICON-native lending and DEX protocol. Holders borrow it against sICX...

AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026

Collateral
SODAX cross-chain money-market borrower collateral backing all facilitator-minted bnUSD; measured 2026-07-30 at Sonic block 76778944: ~39.8% sodahyTB (HiYield Treasury Bill Vault), ~23.7% sodaUSDC, ~7.2% sodaBTC, ~6.9% sodaBNB, ~3.7% each sodaAVAX and sodaSUI, ~3.4% sodasftUSD, ~2.3% sodaETH, ~2.0% sodaUSDT, and a long tail of other SODAX-wrapped crypto collateral. Stability Fund approved-stablecoin 1:1 swaps mint through the same facilitator, so those stablecoin deposits are part of the measured borrower-collateral base
Peg Mechanism
Users borrow bnUSD against eligible crypto collateral through Balanced's cross-chain money market, while the Stability Fund mints or burns bnUSD 1:1 against USDC and USDT to support the peg
Jurisdiction
Not disclosed in the static profile.
Proof Of Reserves
No proof-of-reserves entry in the static profile.
Contracts
6 deployments tracked across Base, Avalanche, Arbitrum, and BSC, plus 2 more.

Snippet Answer

Is BNUSD safe?

Pharos does not mark BNUSD as absolutely safe. Static metadata says Balanced Dollar uses a Decentralized (DeFi) governance model and Crypto-Collateralized backing, with curated reserve profile; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.

Next Actions

Exact bot target: /subscribe dews,depeg,safety bnusd-balanced

Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.

BNUSD quick answers

What is Balanced Dollar (BNUSD)?

bnUSD is Balanced's cross-chain decentralized dollar backed by crypto loan collateral and USDC or USDT held in its Stability Fund. The static profile records its US Dollar peg mechanism as: Users borrow bnUSD against eligible crypto collateral through Balanced's cross-chain money market, while the Stability Fund mints or burns bnUSD 1:1 against USDC and USDT to support the peg

Is BNUSD safe?

Pharos does not mark BNUSD as absolutely safe. Static metadata says Balanced Dollar uses a Decentralized (DeFi) governance model and Crypto-Collateralized backing, with curated reserve profile; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.

What backs BNUSD?

Pharos classifies BNUSD backing as Crypto-Collateralized. Collateral, per the static profile: SODAX cross-chain money-market borrower collateral backing all facilitator-minted bnUSD; measured 2026-07-30 at Sonic block 76778944: ~39.8% sodahyTB (HiYield Treasury Bill Vault), ~23.7% sodaUSDC, ~7.2% sodaBTC, ~6.9% sodaBNB, ~3.7% each... Reserve evidence: curated reserve profile.

Can BNUSD be frozen or blacklisted?

Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for BNUSD, when applicable, appear in the dossier below.