During a legal review of the SODAX architecture and functionality, I found it difficult to fully capture and explain to a bunch of non-technical lawyers just how integral bnUSD is to the system. It’s far more than just a stablecoin — it’s a foundational component of the SODAX Solver and protocol itself. As Alex explains so well below, bnUSD represents an evolution of the CDP stablecoin model — an upgrade from earlier designs like DAI or USDS, purpose-built for a more intelligent and composable DeFi stack.