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View ChartBalanced Dollar (BNUSD) is a decentralized, over-collateralized stablecoin issued by the Balanced ecosystem on the ICON blockchain and usable wrapper-free across 14 blockchains, including Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, Solana, Stellar and Sui.
Key Takeaways
Balanced Dollar (BNUSD) is a stablecoin issued within the Balanced ecosystem, a decentralized finance protocol on the ICON blockchain.
| Item | Details |
|---|---|
| Name (Ticker) | Balanced Dollar (BNUSD) |
| Alternative Names | BNUSD |
| Consensus Mechanism | LFT (Loop Fault Tolerance) - ICON's consensus |
| Smart Contracts | Yes (Java-based SCORE on ICON) |
| Category | DeFi, Stablecoin |
| Hash Algorithm | - |
| Block Reward | - |
| Max Supply | No fixed cap; total supply cannot exceed the value of the collateral backing it. |
| TPS | Dependent on the ICON network |
| Scaling Solution | Native to ICON blockchain |
| Blockchain | ICON (ICX) |
| Contract Address (ICON) | cx88fd...b235bb (per CoinMarketCap); Explorer: tracker.icon.community |
bnUSD is a product of the Balanced ecosystem, which is described as a decentralised protocol with no central control, relying on distributed network technology.
BNUSD operates on a mechanism similar to MakerDAO's DAI. Users lock crypto collateral — supported assets include AVAX, BNB, BTCB, cbBTC, ETH, SOL, SUI, USDC, USDT, WBTC, WETH and wstETH — into the protocol to mint bnUSD as a loan. This process helps maintain the stablecoin's peg by tying its supply directly to locked value.
BNUSD is a decentralized stablecoin issued within the Balanced ecosystem on ICON, providing a stable asset for ICON-based DeFi.
bnUSD is designed as a stable medium of exchange within the Balanced and ICON DeFi ecosystem; its price tracks $1 but can deviate and fluctuates with market conditions.
bnUSD can be obtained by borrowing it on the Balanced platform against crypto collateral, or by trading it 1:1 for USDC or USDT on the Balanced exchange.
bnUSD is backed by volatile cryptoassets, so its value depends on over-collateralization rather than an algorithm. Positions can be partially liquidated when the loan exceeds 80% of the collateral value. Borrowing carries a 0.1% fee and debt increases over time. bnUSD targets a $1 peg but its market price can deviate, and users should monitor risk closely.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for BNUSD are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Balanced Dollar (BNUSD) is $1.012334. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated BNUSD to USD rate at the top of BTCC’s price page. In terms of market scope, Balanced Dollar records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $6.009039M. Its current circulating supply stands at 5.94M out of a maximum supply cap of ∞.
The price volatility of Balanced Dollar (BNUSD) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (5.94M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Balanced Dollar (BNUSD) hit an all-time high (ATH) of $4.020709 on 2024-03-18 04:25, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at -- on 2021-10-08 00:00. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading BNUSD futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s BNUSDUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Balanced Dollar, simply log into your BTCC account with USDT margin available, navigate to the BNUSDUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for BNUSDUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $1.012334), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for BNUSDUSDT with zero financial risk.
Trading Balanced Dollar (BNUSD) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for BNUSDUSDT, and review its live price ($1.012334) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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