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Binance launches stablecoin $BFUSD
Binance launched a new stablecoin, BFUSD, offering a high 19.55% APY. The yield-bearing stablecoin can also be used as collateral for trading and borrowing.
Users can hold BFUSD in their UM wallets and receive daily airdrops as rewards. The crypto exchange‘s reward system calculates interest based on the lowest hourly BFUSD balance in users’ accounts, derived from hourly snapshots. Rewards will be distributed daily to UM Futures accounts and can be tracked in the Reward History section.
MiCA and PM users are restricted to redeeming BFUSD without earning rewards.
Telegram | Discussion | Blog
Binance launched a new stablecoin, BFUSD, offering a high 19.55% APY. The yield-bearing stablecoin can also be used as collateral for trading and borrowing.
Users can hold BFUSD in their UM wallets and receive daily airdrops as rewards. The crypto exchange‘s reward system calculates interest based on the lowest hourly BFUSD balance in users’ accounts, derived from hourly snapshots. Rewards will be distributed daily to UM Futures accounts and can be tracked in the Reward History section.
MiCA and PM users are restricted to redeeming BFUSD without earning rewards.
Telegram | Discussion | Blog