Binance Bridged USDT (BNB Smart Chain)
BSC-USDA bridged version of Tether on another chain.
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About Binance Bridged USDT (BNB Smart Chain)
Analysis of 4 Feb 2026Binance-Peg USDT is a bridged version of Tether (USDT) on BNB Smart Chain, issued and managed by Binance through its proprietary bridge infrastructure. It maintains a 1:1 peg with native USDT through Binance's fully centralized bridge, where native USDT is locked on the source chain (typically Ethereum) and equivalent BSC-USD is minted on BNB Smart Chain.
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As of February 4, 2026, BSC-USD has approximately 8.98 billion tokens in circulation with a market cap of $8.97 billion, trading at $0.9987 with 24-hour volume of $1.38 billion. It remains the dominant stablecoin for BSC DeFi, with BNB Chain stablecoin market cap reaching $14 billion at peak periods, and the network averaging over 138 million stablecoin transfers monthly.
BNB Chain averaged 4.9 million daily active users in late January 2026 (up 11.4% week-over-week), with BSC recording 2.59 million DAU. The network processed over 142.6 million weekly transactions (118.96 million on BSC), with TVL growing 40.5% year-over-year to reach $58 billion as of early 2026.
However, security concerns intensified in early 2026: January 2026 saw $350.7 million stolen across 25 crypto incidents, with bridge exploits remaining a critical threat.
The CrossCurve bridge lost $3 million in February 2026, reinforcing that bridges remain the highest-risk attack vector with $2.8 billion in total losses (40% of all Web3 exploits). The token's security relies entirely on Binance's centralized bridge infrastructure and the underlying USDT reserves, which reached $192.9 billion in total assets with $6.3 billion excess reserves as of Q4 2025.