BOOKUSD
BUD

0.9631
$
2.07 %
Change 24h
Market Cap
$ 417,812
Volume 24h
$ 2053.8
Circulating Supply
433,733
Total Supply
1,005,478
BUD
$
# Exchange Pair Price Volume 24h

Description

BUD is a decentralized stablecoin designed to maintain a soft peg to the US Dollar. It is the native stablecoin of the BOOKUSD protocol, a borrowing platform deployed on the BNB Chain. Users can mint BUD by depositing BOOK tokens as collateral, enabling access to on-chain liquidity without needing to sell their assets. The BOOKUSD protocol is a fork of Liquity V1, originally built on Ethereum, but modified to use BOOK—an asset native to the BNB Chain—instead of ETH as collateral. The protocol offers interest-free borrowing and operates with a liquidation mechanism based on collateral ratios and stability pools to maintain system health.