⚠️
Trigger Redemptions Active — USDBN on BSC
Reserve ratio has dropped below 150%. StableCoin holders can redeem at 1:1 until the ratio recovers.
⚡
Warning — USDP on Polygon
Approaching the minimum safe threshold of 150%. Monitor closely.
How Trigger Redemptions Works
01
Ratio drops below 150%
Oracle detects the reserve is undercollateralised relative to stablecoin supply.
02
Equity minting halted
No new equity coins can be issued while the ratio is below the safe threshold.
03
StableCoins redeemable 1:1
Holders can burn stablecoins at face value, withdrawing reserve assets directly.
04
Ratio restored
As stablecoins are burned the ratio recovers and normal operations resume.
Current Reserve Health
BSC — USDBN-BSC (Active)
120%
Trigger Redemptions
Minimum Safe Ratio
150%
Below this level equity minting pauses and trigger redemptions begin.
Gap to safe ratio: −30%
Redemption Progress
34%
of eligible USDBN redeemed
All Deployment Status
| Contract | Chain | Reserve Ratio | Safe Threshold | Status | Action |
|---|---|---|---|---|---|
| TUSD on Ethereum | Ethereum | 325% | 150% | Healthy | Monitor |
| TUSD on Ethereum (WBTC Reserve) | Ethereum | 410% | 150% | Healthy | Monitor |
| USDP on Polygon | Polygon | 155% | 150% | Warning | Monitor |
| USDB on Base | Base | 287% | 150% | Healthy | Monitor |
| USDBN on BSC | BSC | 120% | 150% | Trigger Redemptions | Trigger Redeem → |
Reserve Ratio Scale
Ethereum — TUSD-WBTC
410%
Ethereum — TUSD-ETH
325%
Base — USDB-ETH
287%
Polygon — USDP-MATIC
155%
BSC — USDBN-BNB
120%
150% min threshold