Close Menu
Cryprovideos
    What's Hot

    Hyperliquid Breaks Into High 11 as Whales and Merchants Rush In – BlockNews

    June 7, 2025

    Russia Hits Pause on Increasing Crypto Mining Restrictions

    June 7, 2025

    Prime 6 Bitcoin Cloud Mining Platforms in 2025 – Trusted, Newbie-Pleasant & Excessive Incomes Potential

    June 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Binance launches yield-bearing stablecoin BFUSD with roughly 20% APY
    Binance launches yield-bearing stablecoin BFUSD with roughly 20% APY
    Crypto News

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

    By Crypto EditorNovember 19, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



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

    Binance has launched BFUSD, a yield-bearing stablecoin for futures and perpetuals merchants, based on a Nov. 18 announcement.

    BFUSD supplies an annual share yield (APY) of roughly 19.55%, permitting customers to earn day by 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 via 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 usually are not allowed, corresponding to Brazil, don’t have entry to BFUSD. Moreover, BFUSD doesn’t accrue person rewards in nations the place the Markets in Crypto-Belongings (MiCA) regulation is in impact.

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

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

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

    In December 2023, Binance solely 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 corresponding to Ethena’s sUSDe current 29% APY, whereas Tether’s USDT dominates 74% of the market.

    Furthermore, tokenized cash funds corresponding 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 throughout the present crypto market bull cycle and whether it is definitely worth the threat of one other spherical of regulatory strain.

    Talked about on this article



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Russia Hits Pause on Increasing Crypto Mining Restrictions

    June 7, 2025

    AB Anyplace: Lists on Binance Alpha | UseTheBitcoin

    June 7, 2025

    Home Democrats Sound Alarm on CLARITY Act: Affect 'Will Not Be Quarantined to Crypto', Says Skilled – Decrypt

    June 7, 2025

    Musician made $3M promoting NFTs and misplaced all of it to taxes and a crypto crash

    June 7, 2025
    Latest Posts

    Prime 6 Bitcoin Cloud Mining Platforms in 2025 – Trusted, Newbie-Pleasant & Excessive Incomes Potential

    June 7, 2025

    Bitcoin Indicator Exhibits Rising Divergence Between Whales And Retail – Particulars | Bitcoinist.com

    June 7, 2025

    Bitcoin at Danger of Deeper Pullback as Momentum Stalls, Analyst Says

    June 7, 2025

    Bitcoin Repeating 2024 Rally? Analysts Eye ‘Actual Breakout’ To $120,000

    June 7, 2025

    Extensively Adopted Analyst Outlines Bullish Path for Bitcoin, Says BTC Will Battle Gold and ‘By no means Look Again’ – The Day by day Hodl

    June 7, 2025

    Crypto Suffers $1 Billion Flush As Musk-Trump Feud Shakes Bitcoin

    June 7, 2025

    Bitcoin MVRV Ratio Kinds Bear Cross—Brace For Affect?

    June 7, 2025

    Public Keys: Gemini Twinning Circle, Technique's 'Most popular' Bitcoin Play – Decrypt

    June 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Enron is again to launch crypto token targeted on fixing the vitality disaster

    December 2, 2024

    Trump’s Government Order To Convey Trillions To Crypto, Making $200K Bitcoin Value Look Conservative, Bitwise Says

    February 3, 2025

    Ripple's High Lawyer Slams SEC for Market Suppression

    December 2, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.