Background

The evolution of decentralized finance (DeFi) has unlocked unprecedented possibilities in programmable money, trustless lending, and peer-to-peer value exchange. However, volatility remains a fundamental challenge in the crypto economy, where the majority of assets are highly speculative. Stablecoins—digital assets designed to maintain a consistent value, typically pegged to the US Dollar—have emerged as the keystone solution for achieving economic stability within DeFi.

Despite their promise, many existing stablecoins fall short of decentralization or risk resilience. Fiat-backed stablecoins like USDT and USDC rely on centralized custodians, presenting regulatory and counterparty risks. Algorithmic models, while innovative, have faced catastrophic failures due to flawed game-theoretical assumptions and inadequate collateralization (e.g., Terra/LUNA). Overcollateralized stablecoins such as DAI offer a more robust model, but their reliance on Ethereum-native assets limits their accessibility across emerging chains like Binance Smart Chain (BSC).

Bitance enters this landscape as a purpose-built stablecoin protocol, natively deployed on BSC, designed to combine the resilience of overcollateralization with the speed, affordability, and composability of the BNB ecosystem. By leveraging Bitcoin-derived trust (via WBTC), BNB-native liquidity, and community-driven governance, Bitance introduces a scalable, censorship-resistant, and fully on-chain stablecoin system.