Binance Futures launches LDUSDT, a margin asset that offers rewards based on Tether's popular stablecoin. This product focuses on providing flexibility for users, allowing them to trade LDUSDT while earning APR rewards.
This is the second product of its kind that Binance Futures has offered after launching BFUSD last November. LDUSDT is expected to launch this month, and its success could encourage similar margin products in the future.
Binance Futures launches LDUSDT
Binance, the world's largest cryptocurrency exchange, continues to expand its products. They dominate in cryptocurrency trading and a large portion of staking rewards, but also offer a variety of different margin assets.
Today, Binance Futures has added such an asset: LDUSDT, a margin asset that offers rewards allowing users to earn APR rewards from Simple Earn USDT Flexible Products.
“After our first reward-generating margin asset, BFUSD, was positively received by users, we are excited to introduce another product to provide more utility for users. LDUSDT enhances capital efficiency for users and allows them to put their assets to work for them,” said Jeff Li, Vice President of Product at Binance, in an exclusive press release shared with TiemGiamGia.
Binance's new asset is based on Tether's USDT, the world's leading stablecoin, but LDUSDT is a completely different asset. Its main goal is to provide more flexibility for Binance users, allowing them to trade this asset while continuing to earn passive income from APR.
This option is available to all users with USDT on Binance Earn's Simple Earn Flexible Products. LDUSDT is a non-stablecoin margin asset that provides Binance's second rewards, after BFUSD, which was launched last November.
Although the company recently delisted USDT from operations in Europe due to regulatory concerns, this product still focuses on the popular stablecoin.
According to the announcement, the exchange will soon launch LDUSDT without a specific release date. An exclusive press release stated that this asset will be released sometime in April.
The company has not indicated whether it will offer additional margin assets like this in the future. However, LDUSDT gives Binance Futures users a significant degree of flexibility, and it is hoped that this will encourage users to experiment.
A success here could encourage the company to continue developing similar products in the future.
