Some confusion around #Binance ’s new product, "#BFUSD ".

According to their customer support, 'BFUSD' is not a #stablecoin , but rather a reward-bearing margin asset intended for futures trading.

The 19.55% APY mentioned in the tweet below likely refers to the potential returns or rewards users might earn by using BFUSD in margin trading.

This could include interest or additional rewards tied to futures positions or other margin-related activities on Binance.

Binance clarified that more details will be released soon, including specifics about how the APY is determined. This is important to understand, as APY can vary depending on factors like market conditions, asset performance, and the specifics of the trading activity.

So, if you're looking to get into it, you may want to keep an eye out for official updates directly from Binance, especially when they provide more details about the product.