Binance, the largest cryptocurrency exchange by volume, on Tuesday introduced BFUSD, a new margin asset for futures trading that generates passive rewards.
BFUSD will allow holders to earn a base annual percentage yield (APY) daily, and plans to offer higher APYs for active futures traders.
Binance Futures users who hold BFUSD in their Futures Account “will be entitled to receive daily rewards in USDT stablecoin at the daily Base Rate,” the company explained on its blog.
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#undefined [Source: TheDefiant]