Binance has introduced BFUSD, a yielding stablecoin offering 19.55% APY that can also be used as collateral.
According to a new statement made via Binance official customer support X account, BFUSD will not be a stablecoin. Instead, it will be a margin asset that carries rewards for futures trading. Binance thanked the community for their interest in the asset. It added that new information on how the APY yield will be determined will be shared with the community soon.
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