24h Change-0.056%
All Time HighSep 21, 2025$1.15
All Time LowOct 10, 2025$0.9
Market Cap$283.58m
Fully Diluted Valuation$283.58m
Circ. Supply283.19m BUSD
CEX Volume$0
DEX Volume$2.23m
How much debt can be issued against BUSD as collateral across lending protocols.
Maximum possible exposure to BUSD
$32.05
$0 (max additional borrows against BUSD) + $32.05 (bad debt if BUSD was hacked now)
Venus Core Pool
$32.05 at-risk exposure = $32.05 bad debt if hacked + $0 additional borrowable against BUSD
Showing collateral exposure for BUSD on BSC. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for BUSD as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
BUSD0xe9e7cea3dedca5984780bafc599bd69add087d56 | $0 | $32.05 |
Risk-management actions published about BUSD by tracked risk managers and governance contributors, newest first.
Paxos has stopped minting BUSD due to U.S. SEC regulatory uncertainty, leading to a near-zero supply in circulation. This offboarding plan disables new supply and borrowing to enable a smooth user transition to alternative stablecoins and minimize potential negative impacts.
BUSD is a regulated, full-reserve stablecoin backed 1:1 by USD in FDIC-insured banks, with monthly attestations and NYDFS greenlisting ensuring transparency and security. Its $16B market cap, high liquidity, and 171K holders would bring stable borrowing/lending options and attract motivated users to JustLend without selling holdings.
BUSD's restrictive borrow factors currently make borrowing unviable despite its role in longer-tailed assets; raising them improves capital efficiency for borrowers and shorts. Chainlink oracles reduce oracle manipulation risks, maintaining Euler's overall risk profile.
BUSD has grown to become the third-largest stablecoin by issuance, backed by regulated issuers Paxos and Binance with no history of depegs, fraud, or operational weaknesses. Its strong market liquidity, reliable redemption mechanisms, and high confidence from institutional players make it suitable for collateral use to drive inflows and benefits for Euler users.
Borrow demand for BUSD has declined, leading to low utilization rates below equilibrium; lowering the optimal borrow rate to 3% and raising optimal utilization to 90% aims to improve market efficiency and welfare for both borrowers and suppliers by encouraging higher utilization without excessive volatility.
BUSD qualifies as a stable with high V2 usage and volume metrics ensuring peg stability and low slippage, consistent with V2's borrow-only setup.
An is required to view token usage.
Showing 10 of 37 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabWBNB-BUSD | $1.21m | 4.52% | 4.52% | 2.14% | |||||
| open in new tabCAKE-BUSD | $306,484 | 3.29% | 3.29% | 2.20% | |||||
| open in new tabBUSD-CHR | $50,022 | 13.29% | 13.29% | 6.35% | |||||
| open in new tabBUSDLP Pool | $34,226 | 79.53% | 79.53% | ||||||
| open in new tabMDX-BUSD | $27,330 | 4.05% | 0.02% | 4.06% | |||||
| open in new tabBUSD-3CRV | $27,226 | 3.40% | 3.40% | 1.51% | |||||
| open in new tabUSDC-BUSD0.01% | $26,065 | 11.47% | 11.47% | 5.63% | |||||
| open in new tabBUSD-EGG | $24,605 | 18.71% | 20.87% | ||||||
| open in new tabUSDT-BUSD0.01% | $20,951 | 16.01% | 16.01% | 7.95% | |||||
| open in new tabBUSD | $15,876 | 3.53% | 3.53% | 3.56% |
