Binance will launch the non-stablecoin margin asset LDUSDT
ChainCatcher news, according to The Block, Binance is about to launch its second "yield-generating non-stablecoin margin asset" LDUSDT for futures trading users.
According to a Binance spokesperson, with LDUSDT, users can convert the locked USDT in the Simple Earn USDT flexible investment product into margin assets for futures trading while continuing to earn passive income. The spokesperson stated that the current annualized yield is approximately 1.5%, updated automatically every minute. LDUSDT (the product name has no extended form) is expected to "go live as soon as possible this month."
The spokesperson further explained that LDUSDT adopts the same real-time annualized yield as the Simple Earn USDT flexible investment product. The yield of Binance's earning products has never been negative (below zero), and LDUSDT will also not provide negative yields.