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.
Profile
BFUSD profile facts
BFUSD (BFUSD) static profile: governance model Centralized (CeFi); backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Oct 19, 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. Redemption runs entirely through Binance-controlled terms that permit fees, limits, delays, and outright suspension, with self-reported, ad-hoc disclosures standing in for independent proof of reserves.
AI summary · drafted by claude-opus-5-5 · facts as of Oct 19, 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: Pharos registry profile fields. This inactive record does not participate in current live monitoring; the summary above was last updated Oct 19, 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 records BFUSD's reserves in its review of Jul 14, 2026 as 100% Binance BFUSD collateral pool, hedging portfolio, and reserve fund. Reserve evidence: Self-Reported PoR by Binance BFUSD product disclosures. Pharos classifies the backing as Crypto-Collateralized.
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.