Binance, the largest cryptocurrency exchange in the world, has just launched the controversial BFUSD collateral asset. BFUSD provides an opportunity for future traders to earn up to 38% passive income when holding this token.

- From 02:00 UTC on 27/11, users can purchase BFUSD. Binance will hold a promotional campaign from 27/11 to 26/12, with zero trading fees and sharing 100,000 USDT in annual yield.

- BFUSD has a base APY of 29.18% and an enhanced APY of 38.98%. Users can buy and redeem BFUSD with USDT at a 1:1 ratio.

- Although Binance asserts that BFUSD is not a stablecoin, some people remain concerned about its reliability, comparing it to the previously collapsed TerraUSD.