Friday, June 27, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Binance launches yield-bearing stablecoin BFUSD with roughly 20% APY

November 19, 2024
in Crypto Exchanges
Reading Time: 2 mins read
0 0
A A
0
Home Crypto Exchanges
Share on FacebookShare on TwitterShare on E Mail



Binance has launched BFUSD, a yield-bearing stablecoin for futures and perpetuals merchants, in line with a Nov. 18 announcement.

BFUSD supplies an annual share yield (APY) of roughly 19.55%, permitting customers to earn every day rewards by holding BFUSD of their Binance futures accounts with out the necessity to stake or lock funds.

In accordance with BFUSD’s web page, customers can purchase the stablecoin by means of Tether USD (USDT) swaps. It maintains stability with a collateralization ratio of 105.54%, supported by a reserve fund holding 1.1 million USDT as of Nov. 17.

Notably, customers from areas the place Binance Futures should not allowed, similar to Brazil, don’t have entry to BFUSD. Moreover, BFUSD doesn’t accrue person rewards in international locations the place the Markets in Crypto-Property (MiCA) regulation is in impact.

Every person has a BFUSD holding restrict, decided by their VIP stage on Binance. This restrict is enhanced by performing know-your-customer (KYC) processes and reaching buying and selling quantity thresholds.

Curiosity is calculated based mostly on the bottom BFUSD steadiness recorded from hourly snapshots taken all through the day, with distributions made every day to customers’ UM Futures accounts. 

In Multi-Asset Mode, BFUSD can be utilized as collateral with a 100% collateral ratio, permitting merchants to increase their buying and selling potential throughout varied property.

Aggressive panorama

The BFUSD is Binance’s newest stablecoin-related foray because the New York Division of Monetary Companies (NYDFS) ordered the agency’s companion Paxos to cease issuing Binance USD (BUSD) in February 2023 amid US regulators’ scrutiny over the change.

Since then, Binance has been unwinding the BUSD utilization, eradicating it from its SAFU Fund, and stopping borrowing and staking providers.

In December 2023, Binance fully stopped supporting BUSD, steering customers to First Digital’s FDUSD stablecoin.

As Binance plans its return to the stablecoin market, the panorama is far more aggressive. Stablecoins similar to Ethena’s sUSDe current 29% APY, whereas Tether’s USDT dominates 74% of the market.

Furthermore, tokenized cash funds similar to BlackRock’s BUIDL add an additional aggressive layer, because the asset supervisor plans to deal with the funds’ shares as stablecoins used as collateral.

It stays to be seen if Binance’s daring transfer can repay through the present crypto market bull cycle and whether it is well worth the danger of one other spherical of regulatory stress.

Talked about on this article



Source link

Tags: APYBFUSDBinancelaunchesroughlyStablecoinYieldBearing
Previous Post

BC.GAME Celebrates Third Consecutive Win at the SiGMA Global Gaming Awards With 2024 Best Crypto Casino Title

Next Post

Tether to Invest in Quantoz for MiCAR-Compliant Stablecoin Launch

Related Posts

Blockchain

CLT Token Is Redefining E-Sports Economics with Blockchain: Fair Rewards, Real Ownership, and a Player-Driven Future

June 26, 2025
Introducing Target Model Smart Portfolios
Crypto Exchanges

Introducing Target Model Smart Portfolios

June 26, 2025
World Liberty Financial advances WLFI plans amid public interest
Crypto Exchanges

World Liberty Financial advances WLFI plans amid public interest

June 26, 2025
WazirX gains crucial extension to revive post-hack restructuring plan
Crypto Exchanges

WazirX gains crucial extension to revive post-hack restructuring plan

June 24, 2025
Oil, Dollar, and Trade in Focus
Crypto Exchanges

Oil, Dollar, and Trade in Focus

June 23, 2025
Kazakhstan spearheads crypto progress with Solana Economic Zone
Crypto Exchanges

Kazakhstan spearheads crypto progress with Solana Economic Zone

June 23, 2025
Next Post
Tether to Invest in Quantoz for MiCAR-Compliant Stablecoin Launch

Tether to Invest in Quantoz for MiCAR-Compliant Stablecoin Launch

Solana (SOL) Could Soon Rally Past $250—Are Bulls in Control?

Solana (SOL) Could Soon Rally Past $250—Are Bulls in Control?

Metaplanet To Expand Bitcoin Holdings With $11.3 Million Bond Sale

Metaplanet To Expand Bitcoin Holdings With $11.3 Million Bond Sale

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In