Protocol Information
The Balanced Dollar (bnUSD) is a decentralised, cross-chain stablecoin that tracks the price of 1 USD. It uses cryptocurrency as collateral to guarantee its value, with support for assets from a variety of blockchains. bnUSD is not experimental or algorithmic: it's over-collateralised, so the total supply cannot exceed the value that backs it.
Audits:No
Balanced Dollar history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 24, 2023 to Nov 13, 2026.
All-time high TVL: $14.11m on Mar 14, 2024. All-time low TVL: $8,906 on Nov 13, 2026.
Daily TVL, Oct 15, 2026 to Nov 13, 2026
| Date | TVL |
|---|---|
| Oct 15, 2026 | $421,955 |
| Oct 16, 2026 | $422,040 |
| Oct 17, 2026 | $421,940 |
| Oct 18, 2026 | $421,885 |
| Oct 19, 2026 | $421,911 |
| Oct 20, 2026 | $10,509 |
| Oct 21, 2026 | $10,748 |
| Oct 22, 2026 | $10,833 |
| Oct 23, 2026 | $10,454 |
| Oct 24, 2026 | $10,442 |
| Oct 25, 2026 | $10,342 |
| Oct 26, 2026 | $10,243 |
| Oct 27, 2026 | $10,199 |
| Oct 28, 2026 | $10,341 |
| Oct 29, 2026 | $10,337 |
| Oct 30, 2026 | $9,780 |
| Oct 31, 2026 | $9,873 |
| Nov 1, 2026 | $9,964 |
| Nov 2, 2026 | $9,984 |
| Nov 3, 2026 | $9,899 |
| Nov 4, 2026 | $9,950 |
| Nov 5, 2026 | $10,585 |
| Nov 6, 2026 | $9,849 |
| Nov 7, 2026 | $9,888 |
| Nov 8, 2026 | $9,841 |
| Nov 9, 2026 | $9,481 |
| Nov 10, 2026 | $9,384 |
| Nov 11, 2026 | $9,087 |
| Nov 12, 2026 | $9,064 |
| Nov 13, 2026 | $8,906 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $9m |
| Jan 31, 2025 | $7.81m |
| Feb 28, 2025 | $5.94m |
| Mar 31, 2025 | $4.69m |
| Apr 30, 2025 | $4.6m |
| May 31, 2025 | $5.32m |
| Jun 30, 2025 | $5.75m |
| Jul 31, 2025 | $6.68m |
| Aug 31, 2025 | $6.07m |
| Sep 30, 2025 | $5.27m |
| Oct 31, 2025 | $3.86m |
| Nov 30, 2025 | $2.71m |
| Dec 31, 2025 | $2.11m |
| Jan 31, 2026 | $1.82m |
| Feb 28, 2026 | $1.25m |
| Mar 31, 2026 | $1.01m |
| Apr 30, 2026 | $1.05m |
| May 31, 2026 | $1.07m |
| Jun 30, 2026 | $696,510 |
| Jul 31, 2026 | $604,290 |
| Aug 31, 2026 | $318,622 |
| Sep 30, 2026 | $319,075 |
| Oct 31, 2026 | $9,873 |
| Nov 13, 2026 (latest) | $8,906 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $9.91m |
| Dec 31, 2024 | $9m |
| Dec 31, 2025 | $2.11m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/balanced-dollar
Frequently asked questions
What is Balanced Dollar's TVL?
As of Nov 13, 2026, Balanced Dollar has $8,503 in total value locked. TVL has decreased 98% over the past 30 days.
What chains does Balanced Dollar operate on?
Balanced Dollar operates on Icon. Icon holds the largest share at 100%.
How does Balanced Dollar's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Balanced Dollar ranks #126 by TVL. The category holds $5.622b across 198 protocols, and Balanced Dollar accounts for <0.1% of that total. Similar protocols include Sky Lending, USDD, Liquity V1, Reservoir Protocol, crvUSD, Liquity V2, Lista CDP, Frankencoin, Inverse Finance FiRM, and Bucket Protocol V2.