Binance Launches BFUSD Stablecoin: High Yield, Flexible Collateral Options, and Daily Rewards
Binance has announced the launch of its new stablecoin, BFUSD, which allows users to benefit from high annual returns of up to 19.55%. The coin aims to enable users to make profits without having to lock their funds or resort to traditional staking mechanisms. In total, 20 million BFUSD have been allocated to provide users with the opportunity to earn a steady income.
How BFUSD Rewards Work:
Users can hold BFUSD in their UM wallet, where interest is calculated based on the lowest balance in the wallet during the hour. Binance verifies the balance every hour, and deposits rewards into the user’s account daily in the rewards log. This allows users to earn daily profits smoothly and efficiently.
Main advantages of BFUSD:
1. High Yield: With an annual yield of up to 19.55%, BFUSD offers one of the highest yields among stablecoins currently available.
2. Daily Rewards: Users get daily rewards without any complicated procedures or locking of funds.
3. Use as Collateral: BFUSD can be used as collateral in multi-asset placement with collateral ratios of up to 100%, increasing trading capacity and giving users greater flexibility in managing their investments.
Distinctive investment opportunities:
Binance’s stablecoin BFUSD offers a unique opportunity for investors looking to easily and securely increase their profits, whether through daily rewards or by using it as collateral in trades. With these advantages, BFUSD represents an attractive option for investors looking to invest their funds in a flexible and reliable manner.
