Binance Launches Reward-Bearing Asset Debut

Binance Launches New Yield-Bearing Product LDUSDT for Futures Trading

• Binance will introduce LDUSDT, a yield-bearing product, in November.
• LDUSDT is not a stablecoin but can be traded for Tether (USDT) via Binance’s Simple Earn Flexible Products.
• The product allows users to earn rewards and use them as collateral for futures trading.
• Binance previously launched BFUSD, another reward-bearing margin asset, in November of the prior year.
• Binance Futures is the largest derivatives exchange with a 24-hour trading volume of $129.7 billion.

Binance’s new LDUSDT product enhances capital efficiency by allowing traders to earn rewards and use them for futures trading, following the successful launch of BFUSD last year. The exchange continues to lead with significant trading volumes in the crypto market.