WHAT IS BFUSD ON BINANCE
BFUSD (Binance Futures USD) is a new digital financial product launched by the cryptocurrency exchange Binance on November 27, 2024. Specifically designed for the Binance futures ecosystem, this asset offers users the opportunity to generate yields while trading. Below are its key features, operation, and relevant aspects.
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🔥 1. What is BFUSD?
BFUSD is a margin asset with rewards linked to futures trading on Binance. Although its name suggests stability similar to the dollar, it is not a traditional stablecoin. Instead, it functions as a financial instrument that allows users to earn returns on qualified balances in their futures accounts, with rewards paid in USDT (Tether).
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🔥 1. What is BFUSD?
BFUSD is a margin asset with rewards linked to futures trading on Binance. Although its name suggests stability similar to the dollar, it is not a traditional stablecoin. Instead, it functions as a financial instrument that allows users to earn returns on qualified balances in their futures accounts, with rewards paid in USDT (Tether).
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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