Binance Introduces High-Yield Stablecoin BFUSD

Binance Launches BFUSD Stablecoin: High Yield, Collateral Options, and Daily Rewards

Binance has just launched a new stablecoin, BFUSD . It claims an annualized yield of around 19.55% in return. In total, it provides 20 million BFUSD to enable users to earn seamlessly without resorting to staking or locking their funds.

Users can hold BFUSD in their UM wallet and earn daily rewards. Binance also calculates interest based on the lowest hourly BFUSD balance in a user’s account . which is captured through snapshots every

hour. However, it deposits rewards daily into the UM Futures account . which can be viewed under the rewards history.

Binance’s new stablecoin BFUSD has some

offers for its users. First, it gives them hassle-free earnings . Just

having BFUSD in the accounts earns one daily rewards. With

19.55% APY, it outperforms the returns of many other stablecoins and offers a great deal for investors. Furthermore, BFUSD can be used as collateral in multi-asset placements with 100% collateral. This increases the trading capacity of users.