Bera USD (BUSD) is a crypto-backed US dollar stablecoin. It has about $8.6M in circulation, ranking #138 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
BUSD price
$0.9991
On peg Circulating supply
$8.6M
30-day change
+22.4%
Price
$0.9991
Blockchains
1
Tracked since
Feb 2025
What is BUSD?
Bera USD (BUSD) is a crypto-backed US dollar stablecoin. It has about $8.6M in circulation, ranking #138 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: BUSD is Berachain's native stablecoin.
BUSD supply history
$65.8M$0
Oct 8, 2025Oct 8, 2026
$660M$0
Feb 11, 2025Oct 8, 2026
BUSD supply grew 22.4% over the past 30 days, to $8.6M. Its peak was $739M in March 2025, and supply is 99% below that high.
Is BUSD holding its peg?
Last price
$0.9991
Target
1.0000 USD
Status
On pegBUSD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where BUSD lives: supply by blockchain
Supply is concentrated: Berachain holds 100% of all BUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How BUSD is backed
BUSD is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Minting and redemption: The initial collateral options will be USDC and BYUSD (pyUSD). New assets used to mint $BUSD can be added via governance.
BUSD risks
Collateral and liquidations
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Smart contracts and oracles
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
Small and thinly traded
With $8.6M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
BUSD vs USDT and USDC
Similar crypto-backed stablecoins
See all →
BUSD in the news
BUSD FAQ
What is BUSD?
Bera USD (BUSD) is a crypto-backed US dollar stablecoin. It has about $8.6M in circulation, ranking #138 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is BUSD pegged 1:1 to the US dollar?
BUSD targets 1 USD. At the last update it traded at $0.9991, a deviation of -0.09%, which we classify as "on peg".
What backs BUSD?
BUSD is a crypto-backed stablecoin. BUSD is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Which blockchains is BUSD on?
BUSD is live on 1 blockchain. The largest by supply are Berachain ($8.6M).
How much BUSD is in circulation?
About $8.6M of BUSD was in circulation at the last update, +22.4% over 30 days. That makes it the #138 stablecoin by supply among those we track.
Is BUSD safe?
No stablecoin is risk-free. As a crypto-backed design, BUSD's main risks are falls in collateral value that outpace liquidations, smart-contract and oracle failures, and, for hedged designs, negative funding rates or exchange counterparty risk. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.