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
Methodology
TVL: TVL consists of collateral deposits made to the lending program and the stability fund.View code on GitHubCompetitors
Balanced Dollar history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 24, 2023 to Oct 19, 2026.
All-time high TVL: $14.11m on Mar 14, 2024. All-time low TVL: $11,636 on Oct 3, 2026.
Daily TVL, Sep 20, 2026 to Oct 19, 2026
| Date | TVL |
|---|---|
| Sep 20, 2026 | $367,219 |
| Sep 21, 2026 | $351,493 |
| Sep 22, 2026 | $673,013 |
| Sep 23, 2026 | $544,726 |
| Sep 24, 2026 | $401,835 |
| Sep 25, 2026 | $398,043 |
| Sep 26, 2026 | $418,462 |
| Sep 27, 2026 | $419,438 |
| Sep 28, 2026 | $398,012 |
| Sep 29, 2026 | $387,999 |
| Sep 30, 2026 | $319,075 |
| Oct 1, 2026 | $404,067 |
| Oct 2, 2026 | $338,372 |
| Oct 3, 2026 | $11,636 |
| Oct 4, 2026 | $415,599 |
| Oct 5, 2026 | $433,093 |
| Oct 6, 2026 | $423,169 |
| Oct 7, 2026 | $423,092 |
| Oct 8, 2026 | $422,576 |
| Oct 9, 2026 | $422,189 |
| Oct 10, 2026 | $422,230 |
| Oct 11, 2026 | $422,292 |
| Oct 12, 2026 | $422,458 |
| Oct 13, 2026 | $421,947 |
| Oct 14, 2026 | $422,330 |
| 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 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $10.64m |
| 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 19, 2026 (latest) | $421,911 |
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 Oct 19, 2026, Balanced Dollar has $421,818 in total value locked. TVL has increased 21.2% 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 #50 by TVL. The category holds $7.803b across 198 protocols, and Balanced Dollar accounts for <0.1% of that total. Other leading protocols include Sky Lending, USDD, Liquity V1, crvUSD, Liquity V2, Lista CDP, Reservoir Protocol, Frankencoin, Inverse Finance FiRM, and Felix CDP.