Binance, the world's largest cryptocurrency exchange, announced the listing of a new asset to offer investors a stable and potentially profitable option. The company announced on its official website that it will open trading of the BFUSD asset with the trading pair #BFUSD /USDT at 14:00 UTC.
With this listing, Binance offers its users the opportunity to trade with a 0% fee. The campaign will start at 14:00, at the moment of listing, and will last until further notice. During the campaign, users will be able to trade the BFUSD/USDT pair for free in both spot and margin trades, if applicable.
What is BFUSD?
Developed by Binance, BFUSD stands out as an innovative asset that takes a step forward in the classic approach to stablecoins.
Daily rewards in USD stablecoin: Allows users to earn daily rewards based on eligible BFUSD balances in their accounts.
Binance Futures integration: Can be used as collateral in Multi-Assets mode.
Flexible conversion: USD can be directly converted into stablecoin upon request.
When introducing BFUSD, Binance announced that it offers an annual yield of up to 20%. This rate provides a significant advantage, especially for investors seeking high returns in stable assets.
Campaign details
Start: UTC 14:00
Fee: 0% (for spot and margin trading)
Duration: Until further notice
Excludes:
VIP level volume calculations
Liquidity provision programs
BNB discounts
Referral commissions
Note: Deposits and withdrawals are currently unavailable for BFUSD.
Strategic significance of BFUSD
Due to the high volatility in cryptocurrency markets, stable assets stand out as safe havens in investors' portfolios. BFUSD not only offers protection of stable value but also provides passive income. This combination creates an attractive option for both risk-averse users and those seeking regular income.
Conclusion
Binance's transition to BFUSD once again demonstrates both the innovative forces of the platform and the opportunities it offers its users. Its 0% fee campaign and potential annual yield of up to 20% may quickly attract investor attention to BFUSD.
For those seeking a safe haven in the crypto market and aiming for additional income, BFUSD stands out as a development to watch closely.
BFUSD
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