• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Binance Launches $BFUSD with Unique Perks for Traders

user avatar

by Giorgi Kostiuk

a year ago

$BFUSD is a new tool from Binance designed to attract active traders by offering unique rewards and features.

What is $BFUSD?

$BFUSD differs from traditional stablecoins, which generally maintain a fixed value. Instead, $BFUSD offers a 19.5% annual yield for futures trading. Rewards depend on the user's VIP level on the Binance platform. To earn rewards, traders must trade daily. $BFUSD can also be used as collateral for margin trading.

It is not a stablecoin but a reward-bearing margin asset for futures trading.Binance Customer Support

$BFUSD is Not a Stablecoin

Binance has made it clear that $BFUSD is not a stablecoin. Instead, $BFUSD acts as an incentive program for high-volume traders on the platform, offering additional reasons to keep trading.

The Binance $BFUSD announcement is more of an incentive program for the platform's whales than a new stablecoin.Defi_Maestro

Why It Matters

$BFUSD helps Binance keep its most active users engaged by providing additional benefits for their activity. It's mutually beneficial: traders receive rewards, while the platform increases trading activity. Currently, $BFUSD is not yet available as the program is being fine-tuned.

$BFUSD offers unique opportunities for active Binance users, helping the platform maintain its appeal and increase trading activity.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

US Tariffs and Japanese Bond Yields Drive Market Volatility

chest

US President Trump's proposed tariffs and rising Japanese bond yields have contributed to market volatility.

user avatarDiego Alvarez

NEFE Coin Launches ICO with Exclusive Benefits for Early Adopters

chest

NEFE Coin has officially launched its ICO, offering early participants exclusive staking rewards and governance rights.

user avatarMaria Fernandez

Ripple and UC Berkeley Collaborate on New XRP Accelerator Program

chest

Ripple has launched the University Digital Asset Xcelerator (UDAX) at UC Berkeley, graduating nine startups focused on the XRP Ledger.

user avatarRajesh Kumar

Anthropic Addresses Security Flaws in MCP Git Server

chest

Anthropic has patched three high-risk vulnerabilities in its MCP Git server, discovered by Cyata Security, which posed risks of arbitrary file access and remote code execution.

user avatarGustavo Mendoza

Borrowing on Venus Protocol Provides Attractive Returns.

chest

Venus Protocol, the largest lending platform on BNB Chain, allows users to lend stablecoins like USDT, USDC, and DAI, earning variable APYs based on borrowing demand.

user avatarLuis Flores

Providing liquidity on PancakeSwap and Curve.

chest

Liquidity provision on PancakeSwap and Curve allows users to earn returns by adding liquidity to stablecoin pairs, with potential high yields and associated risks.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.