Here Are the DeFI Protocols With the Largest BUSD Pools

>$670M in $BUSD Pools

The news that Paxos Global will stop minting $BUSD stablecoins by order of the New York financial regulator will cause massive shifts in Decentralized Finance (DeFi) as users and protocols seek out alternative options.

Let’s take a look at the DeFi protocols with the largest amounts of $BUSD in yield-producing pools, according to DefiLlama data. In total, DefiLlama tracks pools with more than $672 million Total Value Locked (TVL) that include $BUSD either as a single token or in a pair.

1. PancakeSwap

It’s no surprise that the dominant Decentralized Exchange (DEX) on $BNB Chain has the most TVL in pools that include $BUSD.

In all, PancakeSwap has $334 million in $BUSD pools, accounting for nearly half the total across the DeFi sector.

The largest $BUSD pools on PancakeSwap are WBNB-$BUSD ($165 million), $USDC-BUSDC ($46 million) and BTCB-$BUSD ($44 million).

2. Alpaca Finance

Alpaca Finance, the largest yield protocol on $BNB Chain, comes in second on this list, with nearly $77 million in TVL in $BUSD pools.

More than half of that ($39 million) is in Alpaca’s $BUSD pool, the largest single stake pool for $BUSD in the crypto space.

3. BiSwap

Third on our list is BiSwap, the second-largest DEX on $BNB Chain, with nearly $48 million in TVL in $BUSD pools.

The largest is BiSwap’s WBNB-$BUSD pool ($30 million), followed by its USDT-BUST pool ($15 million).

4. Curve

Behemoth multichain stablecoin exchange Curve ranks forth for $BUSD in pools, with nearly $30 million in TVL.

Curve’s largest pools are $BUSD-3CRV ($14 million) and $BUSD-FRAXBP ($10 million).

5. Uniswap V3

Rounding up our list is Uniswap v3, the largest DEX in the DeFi according to exchange volume. The protocol has more than $27 million in TVL in $BUSD pools.

The lion’s share of that is in Uniswap’s $BUSD-$USDC pool ($24 million).

Notables

Other protocols with more than $10 million in $BUSD pools include:

• Convex Finance: $24 million
• Ellipsis Finance: $18 million
• Venus: $17 million
• BabyDogeSwap: $16 million
• Stargate: $14 million
• JustLend: $13 million.