Bubble
Binance Bridged USDT (BNB Smart Chain) BSC-USD
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) was trading at $0.9987, ranked #14 by market cap at $9.17B, with 24h volume of $504.69M.
Data snapshot: 2026-08-03 09:00 UTC.
BSC-USD is Binance's official bridged representation of USDT on BNB Smart Chain. Native USDT wasn't originally issued on BSC, so Binance bridges and pegs it 1:1 to give BSC users USDT-equivalent liquidity within Binance's own ecosystem — it's one of the highest-volume assets on the chain despite functioning purely as a bridged stablecoin. This is USDT as it exists on BNB Smart Chain in bridged form: dollars held on one network and represented on another. It is tracked separately from native USDT for a reason worth understanding — a bridged token carries the risk of its bridge as well as the risk of its issuer, so two tokens that both say one dollar can have different risk profiles. On this map it appears as its own grey bubble; its size measures dollar liquidity on one specific network rather than USDT's total supply.
What does bridged mean here?
The underlying dollars are held on one network while a representation circulates on another. The bridged token's value depends on the bridge holding and honouring that backing.
Why is it tracked separately from USDT?
Because it is a distinct token with distinct risk. Merging the two would hide the fact that a bridged representation carries bridge risk on top of issuer risk.
What does its market cap measure?
Dollar liquidity present on BNB Smart Chain in this form, not USDT's total supply across all networks.
Does BubbleLayer confuse it with native USDT?
No. Every coin is stored by its own identity rather than by ticker symbol, so assets that share a name or symbol are never mixed up in watchlists, portfolios or alerts.
Market cap decides how big a bubble is drawn, so rank is what places BSC-USD on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #5 | USDC (USDC) | $73.18B |
| #13 | USDS (USDS) | $9.91B |
| #14 | Binance Bridged USDT (BNB Smart Chain) (BSC-USD) | $9.17B |
| #18 | Dai (DAI) | $4.63B |
| #21 | World Liberty Financial USD (USD1) | $4.18B |