BFUSD (BFUSD) delisted stablecoin record
No longer listed by Pharos
Out of scope: BFUSD is a non-withdrawable Binance account balance rather than a transferable production token.
Effective 2026-07-15; Binance BFUSD explanation
Answer First
What is BFUSD?
BFUSD is a Binance account product redeemable inside Binance against USD stablecoins, backed by an opaque collateral pool and hedging portfolio. The static profile records its US Dollar peg mechanism as: Binance account product purchased and redeemed 1:1 against supported USD stablecoins inside Binance, with Binance-controlled fees, limits, delays, and suspension rights
Is BFUSD safe?
BFUSD is not in Pharos's active universe. Out of scope: BFUSD is a non-withdrawable Binance account balance rather than a transferable production token.
Static Profile
Static stablecoin profile
BFUSD (BFUSD) static profile: governance model Centralized (CeFi); backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Aug 11, 2026
BFUSD is a Binance account product redeemable inside Binance against USD stablecoins, backed by a delta-hedged collateral pool, staked crypto, and a reserve fund, all legally and beneficially owned by Binance, leaving holders with product terms rather than claims. It was originally tracked for its CoinGecko coverage and large Binance user footprint, but redemption runs entirely through Binance-controlled terms that permit fees, limits, delays, and outright suspension, with self-reported, ad-hoc disclosures...
AI summary · drafted by claude-fable-5 · facts as of Aug 11, 2026
- Collateral
- Delta-hedged crypto positions (spot crypto such as ETH offset by equal short futures to collect funding fees), staked crypto (e.g. ETH staking via Binance Earn), and a USDT-seeded BFUSD Reserve Fund (~1.1M USDT, ~105% collateral value ratio at Nov 2024 launch); all assets are legally and beneficially owned by Binance, with no holder claim
- Peg Mechanism
- Binance account product purchased and redeemed 1:1 against supported USD stablecoins inside Binance, with Binance-controlled fees, limits, delays, and suspension rights
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- Self-Reported PoR by Binance BFUSD product disclosures Reserve source
- Contracts
- No contract deployments are listed in the static profile.
Next Actions
This record preserves static and historical context; live actions are available only for active assets.
Source: checked-in StablecoinMeta profile fields. This inactive record does not participate in current live monitoring; the summary above was last updated Aug 11, 2026.
BFUSD quick answers
What is BFUSD?
BFUSD is a Binance account product redeemable inside Binance against USD stablecoins, backed by an opaque collateral pool and hedging portfolio. The static profile records its US Dollar peg mechanism as: Binance account product purchased and redeemed 1:1 against supported USD stablecoins inside Binance, with Binance-controlled fees, limits, delays, and suspension rights
Is BFUSD safe?
BFUSD is not in Pharos's active universe. Out of scope: BFUSD is a non-withdrawable Binance account balance rather than a transferable production token.
What backs BFUSD?
Pharos classifies BFUSD backing as Crypto-Collateralized. Collateral, per the static profile: Delta-hedged crypto positions (spot crypto such as ETH offset by equal short futures to collect funding fees), staked crypto (e.g. ETH staking via Binance Earn), and a USDT-seeded BFUSD Reserve Fund (~1.1M USDT, ~105% collateral value... Reserve evidence: Self-Reported PoR from Binance BFUSD product disclosures.
Can BFUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. BFUSD is outside active monitoring; this static record preserves the reviewed control context.