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Binance's new cryptocurrency Terra LUNA created fear, the stock market made a statement The annual interest rate of the BFUSD token of 19.55%, which Binance announced the other day, created fear in the crypto world. While UST analogies, which is Terra LUNA's stablecoin, were made on social media, a statement came from the stock market Every move of Binance, the world's largest stock exchange, is closely followed by investors. There are also important discussions on social media about the BFUSD token, which was announced by the exchange on November 17 and has an annual interest rate return of 19.55%. Especially on the first day when BFUSD appeared, news sources on social media introduced this coin as a "fixed coin with a return of 19.55%". As it will be remembered, one of the most important assets of the Terra LUNA ecosystem, which collapsed in May 2022, was the UST, the stablecoin of the system. The annual yield of UST, an algorithmic stablecoin, was also like this product of Binance and was around 20%. UST, which was praised by many famous business people and entrepreneurs, was moving through LUNA to fix the price of the coin to $1. The depreciation of UST, which was tried to balance the burning and production of LUNA, another token of the ecosystem, to collapsed the entire system. Those who wanted to invest their assets and money in UST2 and earn 20 percent of income, suffered great losses and even lost their retirement savings. This fear was also seen in BFUSD, this new product of Binance, but in the statement made by Binance, it was stated that the token was not even a stable coin. Responding to criticism and fears on social media, the following statements were used in the statement made by Binance's customer service's X account: “BFUSD has not yet been removed. To be clear, BFUSD is not a stablecoin. It is a leveraged asset that earns awards in futures transactions. We are happy with the interest of the community and we will provide more information about the annual return system in a short time.
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MicroStrategy company covered $5.7 billion of the last Bitcoin purchases from the $21 billion share sales division of the acquisition project, which will total $42 billion.
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