Binance announced the launch of the yield-bearing margin asset BFUSD, which will officially go live on November 27 at 10:00 (UTC+8). Users can earn passive income by holding or trading contracts, and Binance promises that its annual percentage yield (APY) will never be below zero. According to a Binance spokesperson, BFUSD holders will receive a base annual yield calculated daily, allowing them to enjoy returns even without participating in contract trading. Additionally, eligible USDⓈ-M contract trading users can receive a higher enhanced annual yield on the same day. Historical data shows that between November 20 and 25, the base annual yield for BFUSD fluctuated between 12% and 35%, while the enhanced yield reached between 15% and 47%. BFUSD is not a stablecoin and cannot be withdrawn from Binance contract accounts or traded on the open market; it can only be used as margin for Binance contract trading and can be exchanged 1:1 with USDT. This product generates returns through a Delta hedging strategy between the spot and contract markets, as well as Ethereum staking. Currently, it is only open to qualified Binance contract users in supported regions, excluding restricted areas such as the United States. (TheBlock)

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