---
title: "BFUSD (BFUSD) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/bfusd-binance/"
description: "Build-time stablecoin profile for BFUSD (BFUSD). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# BFUSD (BFUSD)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

BFUSD is a Binance account product redeemable inside Binance against USD stablecoins, backed by an opaque collateral pool and a {{term:delta-neutral}}delta-neutral{{/term}} hedging portfolio — not a normal on-chain stablecoin. BFUSD is included because it has meaningful CoinGecko coverage and a large Binance user footprint, but it is not a normal on-chain stablecoin. The product lives inside Binance accounts, earns Binance-set rewards, and is {{term:redemption}}redeemable{{/term}} only through Binance-controlled terms that allow limits, fees, delays, and suspension. Pharos therefore treats the reserve stack as very-high-risk opaque exchange {{term:custody}}custody{{/term}} rather than independent proof. The entry is useful for market coverage, not for permissionless DeFi composability.

## 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

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/bfusd-binance.