Binance has launched BFUSD, a new reward-bearing margin asset that offers approximately 19.55% annual percentage yield (APY). Unlike stablecoins, BFUSD is a futures trading product that provides daily rewards.
The token is backed by USDT reserves and maintains a 105.54% collateralization ratio, ensuring stability and security. However, BFUSD is not available in regions where Binance Futures are restricted or under the MiCA regulation.
User holding limits for BFUSD are determined based on their VIP levels within Binance, allowing different access levels depending on user status.
This financial product aims to offer competitive returns and attract interest from both new and existing Binance users interested in futures trading opportunities.
