Stablecoin

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<ul class="wp-block-list">
 <li>Binance's BFUSD offers 19.55% APY, rewarding users daily without staking or locking funds.&nbsp;&nbsp;</li>  
 <li>BFUSD's 105.54% collateralization ratio ensures stability, with a 1.1M USDT reserve backing it.&nbsp;&nbsp;</li>  
 <li>BFUSD expands trading potential as 100% collateral in Multi-Asset Mode, enhancing user flexibility.&nbsp;</li> 
</ul>  
<p>Binance has unveiled a new stablecoin, BFUSD, aimed at futures and perpetual traders with an annual percentage yield of 19.55%. Users can earn daily rewards simply by holding BFUSD in their Binance futures accounts. This does not require staking or locking funds.&nbsp;&nbsp;</p>  
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<h2 class="wp-block-heading" id="h-hassle-free-earnings-for-users"><strong>Hassle-Free Earnings for Users</strong></h2>  
<p>BFUSD offers an easy reward system for its holders. Users can acquire the stablecoin by swapping <a href="https://cryptonewsland.com/quantoz-introduces-micar-compliant-eurq-and-usdq-stablecoins-backed-by-tethers-hadron-platform/" rel="noopener noreferrer nofollow">Tether</a> USD (USDT). The system calculates rewards daily based on the lowest BFUSD balance captured from hourly snapshots. These rewards are then distributed directly to users’ UM Futures accounts.&nbsp;&nbsp;</p>  
<p>Additionally, the <a href="https://cryptonewsland.com/top-gainers-in-the-crypto-market-innovations-in-stablecoins-nfts-and-blockchain-usability/" rel="noopener noreferrer nofollow">stablecoin</a> is backed by a reserve fund. As of November 17, the reserve holds 1.1 million USDT, ensuring stability. The collateralization ratio is maintained at 105.54%, which further supports its reliability.&nbsp;&nbsp;</p>  
<h2 class="wp-block-heading" id="h-bfusd-participation-limits-and-accessibility"><strong>BFUSD</strong> <strong>Participation Limits and Accessibility&nbsp;</strong></h2>  
<p>Holding limits for BFUSD depend on a user’s VIP level on Binance. Users can increase these limits by completing know-your-customer processes and meeting trading volume thresholds. However, BFUSD is unavailable in regions like Brazil and areas governed by the Markets in Crypto-Assets regulation.&nbsp;&nbsp;</p>  
<p>In Multi-Asset Mode, traders can use BFUSD as collateral with a 100% collateral ratio. This expands trading potential across various assets.&nbsp;&nbsp;</p>  
<h2 class="wp-block-heading" id="h-competitive-market-landscape"><strong>Competitive Market Landscape</strong></h2>  
<p>Binance's re-entry into the stablecoin market is signaled by the introduction of BFUSD following <a href="https://cryptonewsland.com/binance-abandons-busd-in-safu-fund-trust-issues-loom/" rel="noopener noreferrer nofollow">issues with BUSD</a>. Regulators in the United States stopped the release of Binance USD in February 2023. Since then, Binance has steered users toward First Digital’s FDUSD stablecoin.&nbsp;&nbsp;</p>  
<p>BFUSD now faces competition from other stablecoins like <a href="https://ethena.fi/" rel="noopener noreferrer nofollow">Ethena’s sUSDe</a>, which offers 29% APY. Additionally, tokenized money funds such as BlackRock’s <a href="https://cryptonewsland.com/blackrocks-buidl-fund-expands-to-five-additional-blockchains/" rel="noopener noreferrer nofollow">BUIDL </a>further intensify market competition.&nbsp;&nbsp;</p>  
<p>By introducing BFUSD, Binance strengthens its position in the crypto market. The stablecoin aims to attract traders with high yields and collateral benefits, despite regulatory hurdles.</p> 
<p>The post <a href="https://cryptonewsland.com/binance-launches-bfusd-stablecoin-with-19-55-apy/" rel="noopener noreferrer nofollow">Binance Launches BFUSD Stablecoin With 19.55% APY for Futures Traders</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Binance Launches BFUSD Stablecoin With 19.55% APY for Futures Traders

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