Binance will launch the reward margin asset BFUSD for futures trading

ChainCatcher message, regarding the market news "Binance will launch a new stablecoin BFUSD with an annual interest rate of 19.55%", Binance responded that BFUSD is not a stablecoin, but a reward margin asset used for futures trading. Binance will soon share more details, including how to determine APY.

Additionally, according to the asset's release page, users can deploy BFUSD as collateral without staking or locking funds. Instead, users will store the assets in the UM wallet and accumulate daily airdrops sent to their UM futures wallet based on hourly snapshots, the blog states. Users will receive BFUSD limits based on their VIP level.