Binance has introduced BFUSD, a yield-bearing stablecoin offering a 19.55% APY for futures and perpetuals traders. Users can earn daily rewards by holding BFUSD in their Binance futures accounts without staking or locking funds. The stablecoin can be acquired through USDT swaps and is collateralized at 105.54%, backed by a reserve fund of 1.1 million USDT. BFUSD is not accessible in regions where Binance Futures are restricted, like Brazil, or in countries under MiCA regulation. Users' BFUSD holding limits are determined by their VIP level and KYC processes. Interest is calculated based on hourly snapshots, with daily distributions to UM Futures accounts. BFUSD can be used as collateral with a 100% ratio in Multi-Asset Mode. Binance's move comes after regulatory scrutiny over BUSD, with competitors offering higher APYs. The success of BFUSD in the competitive stablecoin market remains uncertain amidst regulatory challenges. Read more AI-generated news on: https://app.chaingpt.org/news

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