Balance Coin PriceBLCInactive

What is Balance Coin (BLC)?

Balance Coin (BLC) is a decentralised algorithmic stablecoin issued within the Balance Protocol ecosystem. It is designed to maintain a stable peg to the U.S. dollar for use across various DeFi applications. The protocol uses an algorithmic stability mechanism that dynamically adjusts supply to maintain the U.S. dollar peg, with collateral held in BTC, ETH and BCH. Users mint BLC by collateralising assets such as BTC, ETH, and BCH, which back its value and reduce risk. The protocol also facilitates seamless exchanges between BLC and other cryptocurrencies or fiat currencies, and integrates with B-Stablecoins pegged to different fiat currencies to enhance transactional options. Governance is decentralised through the 42DAO community, where FTD token holders influence key decisions. BLC operates on the BNB Smart Chain as a BEP20 token. The launch date is 1 September 2024 (CoinMarketCap registry), and it was listed on CoinMarketCap on 28 January 2025. The total supply stands at 3,512,778 BLC.

Key Specifications & Tokenomics

• Name: Balance Coin
• Symbol / Ticker: BLC
• Blockchain / Platform: BNB Smart Chain (BEP20)
• Contract Address: 0x5343b4586a3f2a3365df92Ee705c3BF446C54668
• Explorer: bscscan.com
• Launch date: 1 September 2024 (CoinMarketCap registry); listed on CoinMarketCap on 28 January 2025
• Category: Stablecoin; Algorithmic Stablecoin; BNB Chain Ecosystem
• Total Supply: 3,512,778 BLC
• Circulating Supply: 0 (CoinMarketCap registry; Yahoo Finance and Coinbase profile data also show 0 in circulation). Self-reported circulating supply: 3,512,778 BLC.
• Max Supply: Not defined. As an algorithmic stablecoin, BLC's supply is dynamically adjusted to maintain the U.S. dollar peg; no fixed maximum is set.
• Governance: 42DAO community; FTD token holders

Who created Balance Coin?

Balance Coin is governed by the 42DAO community, which serves as the decentralised governing organisation behind the Balance Protocol. Official channels include X (@42dao_official), Telegram (t.me/dao42eco) and Medium (medium.com/@42dao_official). No founder, core team member, investor or funding-round details are documented in public sources. Governance is decentralised through the 42DAO community, with FTD token holders influencing key protocol decisions. The whitepaper is available at https://42dao.gitbook.io/42dao/the-balance-protocol/the-balance-protocol-whitepaper and the security profile at https://skynet.certik.com/projects/forty-two-dao.

How does Balance Coin work?

Balance Coin operates as a decentralised algorithmic stablecoin within the Balance Protocol. Users mint BLC by collateralising assets such as BTC, ETH, and BCH, which back the token's value. The protocol uses an algorithmic stability mechanism that dynamically adjusts supply to maintain the U.S. dollar peg, with collateral held in BTC, ETH and BCH. The protocol facilitates seamless exchanges between BLC and other cryptocurrencies or fiat currencies. Additionally, BLC integrates with B-Stablecoins pegged to different fiat currencies, expanding transactional options for users. Governance through 42DAO allows FTD token holders to influence key protocol decisions.

What makes Balance Coin unique and valuable?

Balance Coin distinguishes itself through its decentralised algorithmic stability mechanism, which dynamically adjusts supply to maintain a U.S. dollar peg. The protocol's multi-asset collateral model, accepting BTC, ETH, and BCH, provides diversified backing that reduces risk. Its interoperability with B-Stablecoins pegged to various fiat currencies enhances transactional flexibility. Governance is decentralised through the 42DAO community, giving FTD token holders direct influence over key decisions. The project is positioned within the BNB Chain ecosystem as a BEP20 token, benefiting from that network's infrastructure. However, the protocol experienced a severe exploit in July 2026 that resulted in a near-total loss of value, which significantly impacts its current risk profile and utility.

What is Balance Coin used for?

Balance Coin is designed for use in various DeFi applications as a U.S. dollar-pegged stablecoin. Users can mint BLC by collateralising assets including BTC, ETH, and BCH. The token facilitates seamless exchanges between itself and other cryptocurrencies or fiat currencies. Through integration with B-Stablecoins pegged to different fiat currencies, BLC enhances transactional options across multiple currency pairs. BLC can be exchanged for other cryptocurrencies or fiat currencies through the protocol. Governance participation is available to FTD token holders within the 42DAO community, allowing them to influence protocol decisions. Following the July 2026 exploit, the token's practical utility has been severely compromised.

How Is the Balance Coin ecosystem developing?

The Balance Coin ecosystem is built around the Balance Protocol, a DeFi project offering the BLC stablecoin. Governance is managed by the 42DAO community, with FTD token holders participating in key decisions. The protocol supports integration with B-Stablecoins pegged to different fiat currencies and facilitates exchanges between BLC and other cryptocurrencies or fiat currencies. BLC can be swapped on BNB Chain via the Bitget Wallet swap page for contract 0x5343b4586a3f2a3365df92Ee705c3BF446C54668, which carries a "Risks 3" label on the token. On 22 July 2026, BLC lost its dollar peg and collapsed about 99.85% to roughly $0.001412 after an exploit of approximately $915,000–$1 million drained its Bitcoin vaults. No recovery, migration or relaunch plan has been documented in public sources following the attack.

How to mine Balance Coin?

Balance Coin is not mined through traditional proof-of-work or proof-of-stake consensus. Instead, users mint BLC by collateralising assets such as BTC, ETH, and BCH within the Balance Protocol. This minting process is central to the algorithmic stablecoin mechanism, where collateral backs the value of newly issued tokens. The protocol dynamically adjusts supply through its algorithmic stability mechanism to maintain the U.S. dollar peg. BLC has no separate staking or yield mechanism; tokens are created only through collateralised minting within the Balance Protocol. No staking reward or yield schedule is documented.

How to keep your Balance Coin safe?

Keeping Balance Coin safe requires awareness of the protocol's security history. On 22 July 2026, BLC suffered a BTCB oracle price manipulation attack; security researchers point to missing validation checks as the key factor that allowed liquidations to occur almost instantly. The attacker used an abnormally low BTCB oracle price to liquidate positions that would not have been liquidated under normal conditions. When holding or interacting with BLC, use hardware wallets for long-term storage, verify contract addresses before any transaction, and monitor protocol announcements through official 42DAO channels. Given the exploit and subsequent depeg, assess the risks carefully and stay informed about any protocol updates or migration plans. Always practise standard DeFi security hygiene, including revoking unnecessary token approvals and using trusted interfaces.