{"id":"bsc-usd","title":"BSC-USD","content":"**Binance Bridged USDT (BSC-USD)** is a [BEP-20](https://iq.wiki/wiki/bep-20) token on the [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain) representing [Tether (USDT)](https://iq.wiki/wiki/tether) bridged by other [blockchain](https://iq.wiki/wiki/blockchain) networks. Its primary function is to provide users within the [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain) ecosystem access to a [stablecoin](https://iq.wiki/wiki/stablecoin) [pegged](https://iq.wiki/wiki/currency-peg) to the value of the US dollar. [\\[2\\]](#cite-id-I88KbYoWt6)\n\n## Overview\n\nBSC-USD is a wrapped version of [Tether's USDT](https://iq.wiki/wiki/tether) [stablecoin](https://iq.wiki/wiki/stablecoin), specifically designed for use on the [BNB Smart Chain (BSC)](https://iq.wiki/wiki/binance-smart-chain). It functions as a [BEP-20](https://iq.wiki/wiki/bep-20) token, adhering to the technical standard for tokens on the [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain), which ensures compatibility with the network's wallets, [decentralized applications (dApps)](https://iq.wiki/wiki/decentralized-application), and protocols. BSC-USD allows users to [leverage](https://iq.wiki/wiki/leverage) the stability of [USDT](https://iq.wiki/wiki/tether) while benefiting from the lower transaction costs and faster processing speeds characteristic of the [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain) compared to networks like [Ethereum](https://iq.wiki/wiki/ethereum).\n\nThe token's value is intended to maintain a 1:1 [peg](https://iq.wiki/wiki/currency-peg) with the US dollar, mirroring the underlying [USDT](https://iq.wiki/wiki/tether) asset. This [peg](https://iq.wiki/wiki/currency-peg) is maintained through a bridging mechanism where original [USDT](https://iq.wiki/wiki/tether) tokens on other chains are locked, and an equivalent amount of BSC-USD is [minted](https://iq.wiki/wiki/minting) on the [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain). Conversely, when BSC-USD is bridged back to its original chain, it is [burned](https://iq.wiki/wiki/token-burn), and the locked [USDT](https://iq.wiki/wiki/tether) is released. BSC-USD supply is dynamic, expanding and contracting based on the volume of [USDT](https://iq.wiki/wiki/tether) being bridged onto or off the [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain). [\\[1\\]](#cite-id-vhmDTmLX7p) [\\[2\\]](#cite-id-I88KbYoWt6)\n\n## Technology\n\nBSC-USD is implemented as a [BEP-20](https://iq.wiki/wiki/bep-20) token on the [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain). The [BEP-20](https://iq.wiki/wiki/bep-20) standard is a token standard on BSC that extends the [ERC-20](https://iq.wiki/wiki/erc-20) standard, adding features for [burning](https://iq.wiki/wiki/token-burn), [minting](https://iq.wiki/wiki/minting), and pausing transactions. This standard ensures interoperability within the [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain) ecosystem, allowing BSC-USD to be easily transferred between wallets and integrated into various [dApps](https://iq.wiki/wiki/decentralized-application), including [decentralized exchanges (DEXs)](https://iq.wiki/wiki/decentralized-exchange) and lending platforms.\n\nThe core technology enabling BSC-USD is the cross-chain bridging mechanism. This process involves [smart contracts](https://iq.wiki/wiki/smart-contract) on the source chain (e.g., [Ethereum](https://iq.wiki/wiki/ethereum)) and the [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain). When a user initiates a bridge transfer, the original [USDT](https://iq.wiki/wiki/tether) tokens are deposited and locked by a [smart contract](https://iq.wiki/wiki/smart-contract) on the source chain. Subsequently, a corresponding amount of BSC-USD tokens is minted on the [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain) and sent to the user's BSC wallet. The reverse process, bridging BSC-USD back to the source chain, involves [burning](https://iq.wiki/wiki/token-burn) the BSC-USD tokens on BSC and unlocking the original [USDT](https://iq.wiki/wiki/tether) tokens on the source chain. Bridge providers facilitate this process. [\\[1\\]](#cite-id-vhmDTmLX7p)\n\n### Use Cases\n\nBSC-USD is primarily used within the [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain) as a stable, dollar-[pegged](https://iq.wiki/wiki/currency-peg) asset. It functions as a base or quote currency for trading on [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange) and is commonly used in [decentralized finance](https://iq.wiki/wiki/defi) applications. These include lending, liquidity provision, and yield farming, where users can allocate BSC-USD to generate returns. Additionally, its compatibility with the [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain) allows it to be used for low-cost, fast payments and cross-border transfers. [\\[1\\]](#cite-id-vhmDTmLX7p)\n\n## Tokenomics\n\nBSC-USD does not have a fixed supply or a traditional token distribution model like an [initial coin offering (ICO)](https://iq.wiki/wiki/initial-coin-offering). Its supply is dynamic and directly tied to the amount of [USDT](https://iq.wiki/wiki/tether) that has been bridged onto the [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain). [\\[2\\]](#cite-id-I88KbYoWt6)","summary":"BSC-USD is a BEP-20 token representing Tether (USDT) on the BNB Smart Chain. It is created via a bridging process, allowing users to access USDT's stability with the low fees and speed of the BNB network for trading, payments, and DeFi applications.","images":[{"id":"QmSWBMVtHsfk3agLQ7o7Ezyx2ZWiDb2Y14bUife6bySCMV","type":"image/jpeg"}],"categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"tags":[{"id":"Stablecoins"},{"id":"BinanceSmartChain"}],"media":[],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"vhmDTmLX7p\",\n    \"url\": \"https://www.cryptohopper.com/currencies/detail?currency=BSC-USD\",\n    \"description\": \"Cryptohopper currency detail\",\n    \"timestamp\": 1748549265893\n  },\n  {\n    \"id\": \"I88KbYoWt6\",\n    \"url\": \"https://www.coingecko.com/en/coins/binance-bridged-usdt-bnb-smart-chain\",\n    \"description\": \"CoinGecko BSC-USD page\",\n    \"timestamp\": 1748549265893\n  },\n  {\n    \"id\": \"jEHqTfm4cR\",\n    \"url\": \"https://www.coingecko.com/en/methodology\",\n    \"description\": \"CoinGecko methodology\",\n    \"timestamp\": 1748549265893\n  },\n  {\n    \"id\": \"Zzhu4IDXho\",\n    \"url\": \"https://www.coingecko.com/en/exchanges/uniswap-v3-bsc\",\n    \"description\": \"CoinGecko Uniswap V3 (BSC) page\",\n    \"timestamp\": 1748549265893\n  },\n  {\n    \"id\": \"5kwEc8IZ3U\",\n    \"url\": \"https://www.coingecko.com/en/exchanges/uniswap-v4-bsc\",\n    \"description\": \"CoinGecko Uniswap V4 (BSC) page\",\n    \"timestamp\": 1748549265893\n  },\n  {\n    \"id\": \"1N6PAfpU8B\",\n    \"url\": \"https://www.coingecko.com/en/exchanges/pancakeswap-stableswap\",\n    \"description\": \"CoinGecko PancakeSwap (Stableswap) page\",\n    \"timestamp\": 1748549265893\n  },\n  {\n    \"id\": \"oNi1L0od0Y\",\n    \"url\": \"https://www.coingecko.com/en/exchanges/thena-fusion\",\n    \"description\": \"CoinGecko THENA FUSION page\",\n    \"timestamp\": 1748549265893\n  },\n  {\n    \"id\": \"IzoHYGc4HW\",\n    \"url\": \"https://www.coingecko.com/en/exchanges/squadswap-wow\",\n    \"description\": \"CoinGecko SquadSwap WOW (BSC) page\",\n    \"timestamp\": 1748549265893\n  },\n  {\n    \"id\": \"4jPMfrNAcq\",\n    \"url\": \"https://www.coingecko.com/en/exchanges/pancakeswap-v2\",\n    \"description\": \"CoinGecko PancakeSwap (v2) page\",\n    \"timestamp\": 1748549265893\n  },\n  {\n    \"id\": \"t1KDTd8wKw\",\n    \"url\": \"https://www.coingecko.com/en/coins/polygon-bridged-usdt-polygon\",\n    \"description\": \"CoinGecko Polygon Bridged USDT page\",\n    \"timestamp\": 1748549265893\n  },\n  {\n    \"id\": \"Y2SVxYutbE\",\n    \"url\": \"https://www.coingecko.com/en/coins/mantle-bridged-usdt-mantle\",\n    \"description\": \"CoinGecko Mantle Bridged USDT page\",\n    \"timestamp\": 1748549265893\n  },\n  {\n    \"id\": \"y55kORf5gT\",\n    \"url\": \"https://www.coingecko.com/en/coins/cronos-bridged-usdt-cronos\",\n    \"description\": \"CoinGecko Cronos Bridged USDT page\",\n    \"timestamp\": 1748549265893\n  },\n  {\n    \"id\": \"EV1ldkXJxd\",\n    \"url\": \"https://www.coingecko.com/en/coins/ql1-bridged-usdt-ql1\",\n    \"description\": \"CoinGecko QL1 Bridged USDT page\",\n    \"timestamp\": 1748549265893\n  },\n  {\n    \"id\": \"uXW5OiYulr\",\n    \"url\": \"https://coin-images.coingecko.com/coins/images/35021/large/USDT.png?1707233575\",\n    \"description\": \"Image 1: Binance Bridged USDT (BNB Smart Chain) logo\",\n    \"timestamp\": 1748549265893\n  },\n  {\n    \"id\": \"RWMmId2j29\",\n    \"url\": \"https://assets.coingecko.com/coins/images/35021/standard/USDT.png?1707233575\",\n    \"description\": \"Image 2: Binance Bridged USDT (BNB Smart Chain) logo\",\n    \"timestamp\": 1748549265893\n  }\n]"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/binance-bridged-usdt-bnb-smart-chain"},{"id":"bscscan","value":"https://bscscan.com/token/0x55d398326f99059ff775485246999027b3197955"},{"id":"contract_url","value":"https://binplorer.com/address/0x55d398326f99059ff775485246999027b3197955"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmQP1zqTiSsKaoeodVuy4t4g3Urfm25BNXt8mTAhFKUvU1\""},{"id":"commit-message","value":"\"Update article schema: Add action, UUID ID, link, and date fields.\""},{"id":"previous_cid","value":"QmQP1zqTiSsKaoeodVuy4t4g3Urfm25BNXt8mTAhFKUvU1"}],"events":[{"id":"a5baee3c-7726-4f22-91bc-caaa8653d466","date":"2024-02","title":"BSC-USD Launch","type":"CREATED","description":"BSC-USD Launch","link":"","multiDateStart":null,"multiDateEnd":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"language":"en","version":1,"linkedWikis":{"blockchains":["binance","tether"],"founders":["anon"],"speakers":[]}}