Bera USD (BUSD) stablecoin analytics
Answer First
What is Bera USD (BUSD)?
Bera USD, formerly HONEY, is Berachain's collateralized dollar token, minted and redeemed against approved stable assets at governance-configured rates. The static profile records its US Dollar peg mechanism as: Direct 1:1 mint/redeem against centralized stablecoin collateral with Basket Mode safety
Is BUSD safe?
BUSD holds a C Safety Score grade (56/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Bera USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Real-Time PoR from Berachain HoneyFactory; 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.
Static Profile
Static stablecoin profile
Bera USD (BUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Sep 7, 2026
HONEY is Berachain's native dollar, minted 1:1 through the HoneyFactory against a governance-approved basket of USDC.e, USDT0, BYUSD, and USDe held in dedicated collateral vaults. The redemption backstop with atomic settlement is the headline: HONEY can always be unwound into its constituent stablecoins, and Basket Mode works like a multi-asset PSM, which is more than most basket tokens offer. What the listing pages miss is the actual mix.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Berachain HONEY collateral and vault documentation and HoneyFactory read contract (Berascan)
- Collateral
- 1:1 basket of USDC.e, USDt0, BYUSD, and USDe on Berachain
- Peg Mechanism
- Direct 1:1 mint/redeem against centralized stablecoin collateral with Basket Mode safety
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- Real-Time PoR by Berachain HoneyFactory Reserve source
- Contracts
- 1 deployment tracked across Berachain.
Next Actions
Exact bot target: /subscribe dews,depeg,safety honey-berachain
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 Sep 7, 2026.
BUSD quick answers
What is Bera USD (BUSD)?
Bera USD, formerly HONEY, is Berachain's collateralized dollar token, minted and redeemed against approved stable assets at governance-configured rates. The static profile records its US Dollar peg mechanism as: Direct 1:1 mint/redeem against centralized stablecoin collateral with Basket Mode safety
Is BUSD safe?
BUSD holds a C Safety Score grade (56/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Bera USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Real-Time PoR from Berachain HoneyFactory; 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 BUSD?
Pharos classifies BUSD backing as Crypto-Collateralized. Collateral, per the static profile: 1:1 basket of USDC.e, USDt0, BYUSD, and USDe on Berachain Reserve evidence: Real-Time PoR from Berachain HoneyFactory.
Can BUSD 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 BUSD, when applicable, appear in the dossier below.
