Sigma bnb USD
BNBUSD
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
BNBUSD (Sigma bnb USD) represents an obscure, CDP-style elastic stablecoin on BNB Smart Chain backed by BNB-related collateral. Significant data gaps impacted the evaluation, as Active Development, Community Support, and Team and Governance scored -1.0 due to a total lack of verifiable public documentation, repositories, social channels, or team disclosures. Among the scorable categories, Tokenomics (4.0/10) reflects high correlation tail risk, reliance on single-asset collateral, and discretionary intervention mechanisms. Market and Use Case (2.5/10) highlights micro-cap valuation, negligible trading volume, and severe historical peg instability ranging from $0.83 to $1.42. Security and Audit History (2.5/10) demonstrates substantial structural vulnerabilities, including the complete absence of third-party audits, upgradeability controlled via an admin proxy key, and extreme holder concentration with 99.54% of supply held across top non-exchange wallets. Based on the proportional redistribution of weights across the three evaluable sections, the token scores poorly across fundamental, operational, and structural dimensions.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Sigma bnb USD (BNBUSD)
BNBUSD (Sigma bnb USD) is a collateralized debt position (CDP) style, elastic USD-pegged stablecoin issued by the Sigma.Money protocol on the BNB Smart Chain. Introduced in 2025, the token is backed exclusively by BNB-related collateral, such as native BNB and slisBNB. Its supply expands and contracts based on collateral deposits and redemptions, relying on mechanisms including a Stability Pool, arbitrage incentives, and stabilization fees to target its dollar peg. Within the protocol, the asset functions primarily as a settlement currency for up to 7x leverage trading.
The token has experienced severe peg instability, deviating significantly from its target value with a recorded historical range between an all-time low of $0.83 and an all-time high of $1.42. BNBUSD operates within a micro-cap valuation range of approximately $400,000 to $700,000 and exhibits negligible daily trading volumes, reflecting limited market liquidity and adoption.
BNBUSD presents notable structural and operational risks. The underlying smart contract is configured as an upgradeable proxy contract controlled by an administrative key, and on-chain metrics indicate extreme supply centralization, with approximately 99.54% of floating tokens concentrated in major non-exchange wallets. Furthermore, the project lacks third-party security audits, verified development repositories, and public documentation regarding its team, backing entities, or governance structure.