Profile
BUSD profile facts
Bera USD (BUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
- Collateral
- 1:1 basket of USDC.e, USDt0, BYUSD, and USDe on Berachain
- Peg mechanism
- Direct 1:1 mint/redeem against centralized stablecoin collateral with Basket Mode safety
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- Real-Time PoR by Berachain HoneyFactory Reserve source
- Contracts
- 1 deployment tracked across Berachain.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
BUSD quick answers
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What is Bera USD (BUSD)?
Bera USD, formerly HONEY, is Berachain's collateralized dollar token, minted and redeemed against approved stable assets at governance-configured rates. The static profile records its US Dollar peg mechanism as: Direct 1:1 mint/redeem against centralized stablecoin collateral with Basket Mode safety.
Is BUSD safe?
As of Oct 25, 2026, Pharos grades BUSD C- (54/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and any holder can use its reviewed redemption route. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs BUSD?
Pharos records BUSD's reserves as of Jul 15, 2026 as 100% USDe (Ethena). Reserve evidence: Real-Time PoR by Berachain HoneyFactory, latest period ending Jul 15, 2026. Pharos classifies the backing as Crypto-Collateralized.
Can BUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem BUSD?
Under the route Pharos reviewed on Aug 12, 2026, any holder can redeem BUSD for USDC, USDT, PYUSD, and 1 other assets. Redemption settles atomically on-chain. The reviewed redemption fee ranges from 0% to 0.05%. Whether a given holder qualifies is set by the route's own terms, not by this summary.
