CoinWorld reported on July 15 that according to a Binance announcement, Binance Futures will launch USDⓈ-M CUSDT and VELVETUSDT perpetual contracts on July 15, 2025, with a maximum leverage of 50 times. The CUSDT contract will go live at 09:00 (UTC), and the VELVETUSDT contract will go live at 09:15 (UTC), both supporting 24-hour trading and multi-asset modes, with the settlement asset being USDT, and a funding rate cap of ±2%, settled every four hours.