One of the largest cryptocurrency exchanges, Binance, has announced the launch of BFUSD on Binance$BNB Futures. "A margin asset that rewards," is intended to provide traders the opportunity to earn income from holding BFUSD in their futures account or trading based on it.
Binance assured users that the BFUSD reward rate or bonus annual percentage yield (APY) "will never fall below zero," protecting holders from losses.
The new asset will be available on Binance Futures at 04:00 Kyiv time on November 27, 2024.
According to a Binance representative to The Block, BFUSD "is not a stablecoin," as it cannot be withdrawn from the Binance futures account or traded on the open market.
