Binance has introduced a new stablecoin called BFUSD intended for high-yield earnings and to act as collateral for trading and borrowing. This stablecoin comes with an APY of 19.55%, making it a fantastic alternative to traditional stablecoins. A user just needs to keep the BFUSD in the UM wallets to get daily rewards without even staging or locking funds. BFUSD keeps stability with a 105.54% collateralization ratio and a reserve fund holding 1.1 million USDT as of November 17, 2024.
Binance Launches BFUSD Stablecoin: High Yield, Collateral Options, and Daily Rewards
Binance has just introduced a new stablecoin, BFUSD, claiming an annual percentage yield of about 19.55% in return. In total, it supplies 20 million BFUSD to make users earn seamlessly without going for staking or locking up their funds.
Users can hold BFUSD in their UM wallet and obtain airdropped rewards daily. Also, Binance calculates interest based on the lowest hourly BFUSD balance in the user’s account, captured th
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