BenFen’s native stablecoin system is the cornerstone of its PayFi ecosystem, designed to strike a balance between stability, transparency, and flexibility.
BUSD: Core USD Stablecoin
BUSD maintains a 1:1 peg to the US dollar via a rigid redemption guarantee. Its value is backed by USD-denominated assets (e.g., USDC, USDT) bridged from other major blockchains via the native BenFen Bridge. Users can swap BUSD at a 1:1 ratio with USDC/USDT at any time using the bridge.
Multi-Currency Stablecoin Model
BenFen also supports the issuance of stablecoins pegged to major global fiat currencies, such as the Japanese Yen (BJPY). This model uses BUSD as the core reserve and exchange medium, through a native on-chain exchange rate oracle to fetch real-time FX prices, ensuring trusted redeeming and minting between BUSD and other fiat stablecoins (e.g., BEUR, BGBP).