cryptonews 2025-04-10 08:38:30

Binance Reveals Reward-Bearing Token LDUSDT

Binance Futures , a derivatives trading platform of major crypto exchange Binance , is set to launch its new reward-bearing margin asset LDUSDT . According to the press release, LDUSDT is not a stablecoin. It is a crypto asset that the exchange users can use as Futures trading margin. At the same time, this enables them to earn Simple Earn Real-Time APR rewards. Simple Earn is Binance’s program that allows users to grow the assets they hold on the exchange by subscribing to flexible or capped savings products. LDUSDT, our latest reward-bearing margin asset, is coming soon. Swap USDT Simple Earn Flexible Product Assets for LDUSDT and earn Real-Time APR rewards while trading with it as margin. More information https://t.co/MqAKN4xlXs pic.twitter.com/Y9oEATOGiV — Binance (@binance) April 9, 2025 Furthermore, with this latest asset, users can swap their Tether (USDT) Simple Earn Flexible Product Assets for LDUSDT. After this, they can utilize the novel asset as USDⓈ-M Futures trading margin. As the team explains it, USDⓈ-margined contracts are linear futures quoted and settled in USDT or USDC . Additionally, users can utilize LDUSDT as USDⓈ-M Futures trading margin in Multi-Asset Mode. Meanwhile, users who choose to swap and hold LDUSDT will continue to earn Real-Time APR rewards from Simple Earn Flexible Products. Annual Percentage Rate (APR) is an estimate of the rewards that users will earn over a particular, selected timeframe. “LDUSDT will be available on the Binance Website and App soon,” the press release says. You might also like Binance Tax Evasion Case in Nigeria Adjourned to April 30: Report Expanding Reward-Bearing Offering The LDUSDT launch will follow the launch of BFUSD , Binance’s first reward-bearing margin asset. The exchange launched this asset in November 2024, allowing zero fees at purchase for early buyers. BFUSD enables users to earn APY from Binance’s hedging and investment strategies. This allows them to generate funding fee income and staking rewards, the team says. It “provides active Binance Futures traders with the opportunity for returns on qualifying balances in their Futures account.” Additionally, similarly to the incoming token, users can utilize this first asset as Margin in Multi-Asset Mode Futures accounts, earning rewards at the same time. BFUSD data: Source: binance.com/en/futures/bfusd The announcement at the time noted that “eligible users” who buy and hold BFUSD in their Futures account could receive daily rewards with Base APY. At the same time, BFUSD holders who conduct daily trades of USDⓈ-M Futures were able to receive a Boosted APY – higher than the Base APY. Meanwhile, earlier this month, Binance partnered with global payments company Worldpay to integrate Apple Pay and Google Pay into its fiat onramp infrastructure. The move has allowed users to buy crypto through their existing debit and credit cards connected to digital wallets on desktop and the Binance app. This partnership came after Binance secured a record-breaking $2 billion investment from Abu Dhabi-based tech investor MGX . The latter said it planned to build on Binance’s infrastructure to advance AI-blockchain integration. You might also like Binance Co-founder CZ Donates 1,000 BNB to Thailand and Myanmar Earthquake Relief Efforts The post Binance Reveals Reward-Bearing Token LDUSDT appeared first on Cryptonews .

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