Binance launches BFUSD and offers this annual yield. Each user of the exchange will have a limit share of the asset. The value will depend on each ranking within the accounts of Binance users. Binance, one of the most important cryptocurrency exchanges in the world, launched its new coin BFUSD that offers interest. The system allows for the purchase and redemption of the token.

Along with its launch, a base annual yield of 14% was announced, although it is unknown whether this value will be maintained in the future.

BFUSD maintains parity with the US dollar. However, the firm indicated that it will not be considered a stablecoin as the use of the token is limited to the platform.

The token is designed as a margin asset for futures trading and simultaneously offers passive rewards, Binance detailed.

Additionally, the company indicated that holders of the asset will be able to take advantage of a base annual percentage yield (APY) that accumulates directly, even if they do not trade futures.

An important clarification is that those who engage in qualified activities in futures with margin in stablecoins will receive an increased APY that day. The exchange has taken measures to ensure that the APY is never negative. For example, the creation of the Reserve Fund, which saves part of the profits to cover future losses.

This is BFUSD, the new star of the crypto market.

Regarding the interest paid, the yield will come from delta hedging and the staking of ether, the digital currency of Ethereum.