What You Need to Know

• Binance Futures is set to launch LDUSDT, a reward-bearing margin asset that accrues rewards for holders.
• Traders can exchange their Tether (USDT) for LDUSDT via Binance’s Simple Earn Flexible Product, using it as margin for futures trading.

This new asset builds on Binance’s initial success with BFUSD, enhances capital efficiency for users, and allows them to utilize assets for both earnings and trading liquidity. LDUSDT offers an annual percentage yield of approximately 1.5%, updated in real-time.

“After the launch of our first reward-bearing margin asset, BFUSD, was positively received by users, we are pleased to introduce yet another product to bring more utility to our users,” - Jeff Li, VP of Product at Binance.

Translation: “After the launch of our first reward-bearing margin asset, BFUSD, was positively received by users, we are pleased to introduce yet another product to bring more utility to our users.”