{"id":"binance-bridged-usdc-bnb-smart-chain","title":"Binance Bridged USDC (BNB Smart Chain)","content":"**Binance Bridged USDC (BNB Smart Chain)** is a representation of the USD Coin ([USDC](https://iq.wiki/wiki/usdc)) [stablecoin](https://iq.wiki/wiki/stablecoin) on the BNB Smart Chain. It functions as a dollar-pegged token designed for use within the [BNB Chain](https://iq.wiki/wiki/binance-smart-chain) ecosystem, facilitating transactions and participation in [decentralized finance](https://iq.wiki/wiki/defi) (DeFi) applications with lower fees and faster speeds compared to the [Ethereum](https://iq.wiki/wiki/ethereum) network where native USDC primarily resides.\n\n## Overview\n\nBinance Bridged USDC on [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain) is part of the broader trend of bridging established [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency), particularly [stablecoins](https://iq.wiki/wiki/stablecoin), to different [blockchain](https://iq.wiki/wiki/blockchain) networks. This process allows users to [leverage](https://iq.wiki/wiki/leverage) the stability of assets like [USDC](https://iq.wiki/wiki/usdc) within ecosystems that offer distinct advantages, such as the lower transaction costs and higher throughput often associated with BNB Smart Chain. The token is created through a bridging mechanism, where native USDC on its original chain (like [Ethereum](https://iq.wiki/wiki/ethereum)) is locked, and an equivalent amount of Binance Bridged USDC is minted on BNB Smart Chain. Conversely, burning the bridged token on BNB Smart Chain releases the native USDC on the original chain.\n\nThe existence of bridged [stablecoins](https://iq.wiki/wiki/stablecoin) like Binance Bridged USDC is significant for cross-chain interoperability and liquidity. It enables users and protocols on [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain) to access a widely recognized and utilized stablecoin without needing to directly interact with its native network for every transaction. This integration supports various activities within the BNB Chain [DeFi](https://iq.wiki/wiki/defi) landscape, including trading on [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange), providing liquidity, and participating in lending and borrowing protocols. The token aims to maintain a value pegged to the US dollar, backed by reserves held by the issuer of native [USDC](https://iq.wiki/wiki/usdc), [Circle](https://iq.wiki/wiki/circle).\n\n## Technology and Features\n\nBinance Bridged USDC operates 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 standard is a token standard on BNB Smart Chain that defines rules for tokens, similar to [Ethereum's](https://iq.wiki/wiki/ethereum) [ERC-20](https://iq.wiki/wiki/erc-20) standard. This compatibility allows it to interact seamlessly with [wallets](https://iq.wiki/wiki/cryptocurrency-wallet), [decentralized applications](https://iq.wiki/wiki/decentralized-application) (dApps), and smart contracts built on BNB Smart Chain.\n\nKey technological aspects and features include:\n\n* **BEP-20 Standard:** Adherence to the BNB Smart Chain token standard ensures broad compatibility within the ecosystem [\\[1\\]](#cite-id-Jj2RzbfYAp).\n* **Bridging Mechanism:** The token is created via a cross-chain bridge, which locks native [USDC](https://iq.wiki/wiki/usdc) on its source chain and issues an equivalent amount on BNB Smart Chain. This process is managed by [Binance](https://iq.wiki/wiki/binance), acting as the bridge operator [\\[2\\]](#cite-id-M0P7YUF3K6).\n* **High Scalability:** Leveraging the architecture of BNB Smart Chain, transactions involving Binance Bridged USDC can be processed quickly, even during periods of high network activity [\\[2\\]](#cite-id-M0P7YUF3K6).\n* **Low Transaction Fees:** Transactions on BNB Smart Chain generally incur lower [gas](https://iq.wiki/wiki/gas) fees compared to networks like [Ethereum](https://iq.wiki/wiki/ethereum), making transfers and interactions with [DeFi](https://iq.wiki/wiki/defi) protocols more cost-effective [\\[2\\]](#cite-id-M0P7YUF3K6).\n* **Cross-Chain Compatibility:** The bridging process allows for the movement of value between the native [USDC](https://iq.wiki/wiki/usdc) chain and BNB Smart Chain, enhancing interoperability [\\[2\\]](#cite-id-M0P7YUF3K6).\n\n## Utility and Use Cases\n\nBinance Bridged USDC serves multiple purposes within the [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain) ecosystem, primarily centered around providing a stable medium of exchange and value storage.\n\nPrimary use cases include:\n\n* **Trading:** Used as a trading pair on [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange) (DEXs) on BNB Smart Chain, allowing users to swap between Binance Bridged USDC and other [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency) [\\[3\\]](#cite-id-v3j681HEso).\n* **Liquidity Provision:** Users can deposit [Binance](https://iq.wiki/wiki/binance) Bridged [USDC](https://iq.wiki/wiki/usdc) into liquidity pools on DEXs and other DeFi protocols to earn trading fees or yield farming rewards. This helps reduce [slippage](https://iq.wiki/wiki/slippage) for traders [\\[2\\]](#cite-id-M0P7YUF3K6).\n* **Lending and Borrowing:** The token can be used as [collateral](https://iq.wiki/wiki/collateral) or borrowed asset on decentralized lending platforms within the BNB Chain ecosystem [\\[2\\]](#cite-id-M0P7YUF3K6).\n* **Payments and Transfers:** Facilitates fast and low-cost transfers of value within the BNB Smart Chain network [\\[2\\]](#cite-id-M0P7YUF3K6).\n* **Staking:** Participation in [staking](https://iq.wiki/wiki/staking) pools that accept [stablecoins](https://iq.wiki/wiki/stablecoin) to earn passive income [\\[2\\]](#cite-id-M0P7YUF3K6).\n* **NFT Marketplaces:** Some [NFT](https://iq.wiki/wiki/non-fungible-token-nft) marketplaces on BNB Smart Chain may accept [stablecoins](https://iq.wiki/wiki/stablecoin) like Binance Bridged USDC for purchases [\\[2\\]](#cite-id-M0P7YUF3K6).\n\n## Tokenomics\n\nAs a bridged [stablecoin](https://iq.wiki/wiki/stablecoin), the [tokenomics](https://iq.wiki/wiki/tokenomics) of Binance Bridged USDC are directly tied to the supply of native USDC on its original chain and the bridging mechanism. The supply on BNB Smart Chain is intended to be backed 1:1 by locked native USDC. Max supply is indefinite (∞), as the supply is dependent on the amount of [USDC](https://iq.wiki/wiki/usdc) bridged to BNB Smart Chain [\\[3\\]](#cite-id-v3j681HEso).\n\nThe [market capitalization](https://iq.wiki/wiki/market-capitalization) is calculated by multiplying the current price by the [circulating supply](https://iq.wiki/wiki/circulating-supply) [\\[5\\]](#cite-id-yzz2x20mXd). The fully diluted valuation (FDV) is the theoretical market cap if the total supply were in circulation, calculated by multiplying the current price by the total supply [\\[6\\]](#cite-id-BW98tTcMtu). For Binance Bridged USDC, the market cap and FDV are approximately equal because the circulating supply is close to the total supply [\\[3\\]](#cite-id-v3j681HEso) [\\[2\\]](#cite-id-M0P7YUF3K6).\n\n## Exchanges and Trading\n\nBinance Bridged USDC is primarily traded on [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange) (DEXs) operating on the BNB Smart Chain.\n\nMajor exchanges and trading pairs include:\n\n* [PancakeSwap](https://iq.wiki/wiki/pancakeswap) V3 (BSC) [\\[7\\]](#cite-id-N5MGr1KNAO)\n  * ZKJ/USDC [\\[3\\]](#cite-id-v3j681HEso)\n  * USDC/WBNB [\\[3\\]](#cite-id-v3j681HEso)\n  * BSC-USD/USDC [\\[3\\]](#cite-id-v3j681HEso)\n* [Uniswap](https://iq.wiki/wiki/uniswap) V3 (BSC) [\\[8\\]](#cite-id-D8tvGzLiLq)\n  * KOGE/USDC [\\[3\\]](#cite-id-v3j681HEso)\n  * BSC-USD/USDC [\\[3\\]](#cite-id-v3j681HEso)\n* Uniswap V4 (BSC) [\\[9\\]](#cite-id-aFrsvHVTIs)\n  * BSC-USD/USDC [\\[3\\]](#cite-id-v3j681HEso)\n* THENA [FUSION](https://iq.wiki/wiki/fusion) [\\[10\\]](#cite-id-fMjAp22Bp3)\n  * BSC-USD/USDC [\\[3\\]](#cite-id-v3j681HEso)\n\nThe price of Binance Bridged USDC is calculated by aggregating data across multiple exchanges and markets using a volume-weighted average formula [\\[5\\]](#cite-id-yzz2x20mXd).\n\n## History and Milestones\n\n[Binance](https://iq.wiki/wiki/binance) introduced bridged USDC to the BNB Smart Chain to enhance [stablecoin](https://iq.wiki/wiki/stablecoin) liquidity and provide users with a low-cost alternative for transacting with a US dollar-pegged asset within the ecosystem [\\[2\\]](#cite-id-M0P7YUF3K6). This was part of a broader effort by [Binance](https://iq.wiki/wiki/binance) to bridge various assets to its native chain.\n\nOngoing development includes integrations with various [DeFi](https://iq.wiki/wiki/defi) protocols and potential future enhancements to cross-chain capabilities [\\[2\\]](#cite-id-M0P7YUF3K6).\n\n## Security\n\nThe security of Binance Bridged USDC relies on several factors: the underlying security of the native [USDC](https://iq.wiki/wiki/usdc) [stablecoin](https://iq.wiki/wiki/stablecoin) and its reserves, the security of the bridging mechanism operated by [Binance](https://iq.wiki/wiki/binance), and the security of the BNB Smart Chain itself.\n\n* **USDC Reserves:** Native [USDC](https://iq.wiki/wiki/usdc) is issued by [Circle](https://iq.wiki/wiki/circle) and is intended to be backed by reserves consisting of cash and short-dated U.S. Treasuries [\\[11\\]](#cite-id-ZTZMbTAsdP).\n* **Bridging Mechanism:** The integrity of the bridge is crucial to ensure that bridged tokens are accurately backed by locked native tokens. The specific technical details and audits of the [Binance](https://iq.wiki/wiki/binance) bridging mechanism contribute to its security [\\[2\\]](#cite-id-M0P7YUF3K6).\n* **BNB Smart Chain Security:** BNB Smart Chain utilizes a Proof-of-Stake authority (PoSA) consensus mechanism, relying on validators to secure the network. The token contract for Binance Bridged USDC includes administrative controls, such as the ability to freeze or mint tokens, which are part of its operational security [\\[2\\]](#cite-id-M0P7YUF3K6).\n\nWhile the token inherits security aspects from its underlying components, users should be aware of the risks associated with bridging assets across different [blockchains](https://iq.wiki/wiki/blockchain). [\\[18\\]](#cite-id-WWS9gOoSiy) [\\[19\\]](#cite-id-VbU0XrkksS) [\\[20\\]](#cite-id-xzFqII7e4H)","summary":"Binance Bridged USDC (USDC) is a dollar-pegged stablecoin on the BNB Smart Chain, offering users fast transactions and low fees. 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price data\",\"timestamp\":1749669016056},{\"id\":\"yzz2x20mXd\",\"url\":\"https://www.coingecko.com/en/methodology\",\"description\":\"CoinGecko methodology\",\"timestamp\":1749669016056},{\"id\":\"BW98tTcMtu\",\"url\":\"https://www.coingecko.com/learn/what-is-fully-diluted-valuation-fdv-in-crypto\",\"description\":\"CoinGecko FDV explanation\",\"timestamp\":1749669016056},{\"id\":\"N5MGr1KNAO\",\"url\":\"https://www.coingecko.com/en/exchanges/pancakeswap-v3-bsc\",\"description\":\"CoinGecko PancakeSwap V3 (BSC)\",\"timestamp\":1749669016056},{\"id\":\"D8tvGzLiLq\",\"url\":\"https://www.coingecko.com/en/exchanges/uniswap-v3-bsc\",\"description\":\"CoinGecko Uniswap V3 (BSC)\",\"timestamp\":1749669016056},{\"id\":\"aFrsvHVTIs\",\"url\":\"https://www.coingecko.com/en/exchanges/uniswap-v4-bsc\",\"description\":\"CoinGecko Uniswap V4 (BSC)\",\"timestamp\":1749669016056},{\"id\":\"fMjAp22Bp3\",\"url\":\"https://www.coingecko.com/en/exchanges/thena-fusion\",\"description\":\"CoinGecko THENA FUSION\",\"timestamp\":1749669016056},{\"id\":\"ZTZMbTAsdP\",\"url\":\"https://www.forbes.com/sites/georgiiverbitskii/2025/06/06/how-stablecoins-are-changing-global-finance/\",\"description\":\"Forbes article on stablecoins\",\"timestamp\":1749669016056},{\"id\":\"DQGAaeLxxJ\",\"url\":\"https://pp.one/en/BSC-USD\",\"description\":\"PiedPiper BSC-USD overview\",\"timestamp\":1749669016056},{\"id\":\"8wgjK17Zh9\",\"url\":\"https://pp.one/en/USDC\",\"description\":\"PiedPiper USDC overview\",\"timestamp\":1749669016056},{\"id\":\"fJPhbpRFuW\",\"url\":\"https://www.coingecko.com/en/categories/bridged-usdc\",\"description\":\"CoinGecko Bridged USDC category\",\"timestamp\":1749669016056},{\"id\":\"Zy1lYAvXQx\",\"url\":\"https://pp.one/en/USDC.E\",\"description\":\"PiedPiper Arbitrum Bridged USDC overview\",\"timestamp\":1749669016056},{\"id\":\"8563mX8cUd\",\"url\":\"https://pp.one/en/USDC.E2\",\"description\":\"PiedPiper Polygon Bridged USDC overview\",\"timestamp\":1749669016056},{\"id\":\"IVnteBV99v\",\"url\":\"https://pp.one/en/USDC.E7\",\"description\":\"PiedPiper Avalanche Bridged USDC overview\",\"timestamp\":1749669016056},{\"id\":\"WWS9gOoSiy\",\"description\":\"Introducing Binance Bridge 2.0\\n\",\"timestamp\":1749671293604,\"url\":\"https://www.binance.com/en/blog/ecosystem/introducing-binance-bridge-20-421499824684903626\"},{\"id\":\"VbU0XrkksS\",\"description\":\"Price of 1 Binance Bridged USDC (BNB Smart Chain) today (11 June)\\n\",\"timestamp\":1749671320669,\"url\":\"https://holder.io/coins/usdc-36/\"},{\"id\":\"xzFqII7e4H\",\"description\":\"Circle and Binance Enter into a Strategic Partnership that will Accelerate Global USDC and Crypto Adoption\\n\",\"timestamp\":1749671349351,\"url\":\"https://www.circle.com/pressroom/circle-and-binance-enter-into-a-strategic-partnership-that-will-accelerate-global-usdc-and-crypto-adoption\"}]"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/binance-bridged-usdc-bnb-smart-chain"},{"id":"contract_url","value":"https://bscscan.com/token/0x8ac76a51cc950d9822d68b83fe1ad97b32cd580d"},{"id":"website","value":"https://bscscan.com/token/0x8ac76a51cc950d9822d68b83fe1ad97b32cd580d"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmeDZx8Fc8VVREHCJ5tftB36DceFb8SGfMKYjUTSipLk2Z\""},{"id":"commit-message","value":"\"Republished wiki\""},{"id":"previous_cid","value":"QmeDZx8Fc8VVREHCJ5tftB36DceFb8SGfMKYjUTSipLk2Z"}],"events":[{"id":"77547063-68ae-4048-8103-7c017797df80","date":"2018-09","title":"USDC launched on the Ethereum mainnet in September 2018 ","type":"CREATED","description":"USDC launched on the Ethereum mainnet in September 2018 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