๐ Binance has clarified that its new BFUSD token is not a stablecoin, nor has it launched yet. Despite rumors of a 19.55% yield, Binance confirmed BFUSD is a reward-bearing margin trading product.
- Traders can use BFUSD as collateral without locking funds, accruing daily airdrops based on their "VIP level."
- Crypto enthusiasts initially drew parallels to the infamous TerraClassicUSD, which promised high yields before its dramatic crash.
So, no need to panicโBFUSD isn't a blast from the past, just a new twist in the crypto tale!