Supported Collateral Assets
To mint BUSDX, users must deposit eligible collateral assets into Bitance's smart contracts. These assets are locked and managed directly by the protocol, serving as a guarantee for the newly minted stablecoins.
Currently supported collateral types include:
WBTC (Wrapped Bitcoin) – Brings Bitcoin’s liquidity and market confidence into BSC.
BNB (Binance Coin) – Offers high native liquidity and utility within the BNB ecosystem.
USDT (BEP-20) – Adds a reliable, dollar-pegged asset for stability.
Planned future collateral expansions include:
ETH (via BSC-bridged wETH)
AVAX (wrapped version)
Green or ESG-aligned assets
NFT collateral (experimental, in testnet phase)
The use of a multi-asset collateral model serves three purposes:
Stability: Diversification reduces dependency on a single asset's volatility.
Capital Efficiency: Users can choose assets that match their portfolio or market view.
Composability: Enables future integrations with other DeFi protocols and collateral types.
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