1 week ago
Binance Futures volition soon present LDUSDT, a reward-bearing borderline plus that accrues rewards to holders.
Traders tin swap their tether (USDT) connected Binance's Simple Earn Flexible Product for LDUSDT, which tin past beryllium utilized arsenic borderline for stablecoin-margined futures trading.
Binance said LDUSDT builds connected the occurrence of BFUSD, its inaugural reward-bearing borderline asset, which debuted earlier and enabled users to gain yearly percent yields (APY) done the exchange’s hedging and concern strategies.
As such, LDUSDT is not a stablecoin but a crypto token designed specifically for usage arsenic futures trading borderline portion simultaneously offering reward-earning potential. As of Wednesday, annualized yields for holding the token are astir 1.5%, per The Block, and volition beryllium updated connected a minute-by-minute basis.
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