CryptoCurrencies
17089
Exchanges
500
Total Market Cap
3,511,199,597,649
Volume 24h
101,365,283,111
Dominance
BTC 60.19%   ETH 8.70%   USDT 4.41%   XRP 3.83%

BOOKUSD
BUD

0.9790
$
2.84 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 32,701
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.