Just yesterday, Binance announced the upcoming launch of a new reward-based margin asset called LDUSDT! This product is specifically designed for futures trading as a 'yield-based margin asset'. Although it has 'stablecoin' in its name, the official note emphasizes that it is not a stablecoin. Users can exchange their USDT for LDUSDT and enjoy its dual features: it can be used as trading margin and also earn yields. 😄

The launch of LDUSDT inevitably brings to mind the earlier BFUSD. While both can enhance liquidity, their yield structures are significantly different. The yield of BFUSD depends on market conditions and user trading activities, leading to greater yield fluctuations. In contrast, LDUSDT shares yields through Binance's 'capital-protected earning' product, offering relatively stable returns. For those looking to maintain stable income during liquidity droughts, LDUSDT is a good option.

So, what is Binance's goal in continuously launching these yield-based assets? Overall, BFUSD functions more like an investment tool, suitable for users who trade frequently in a bull market, while LDUSDT acts as a bridge connecting Simple Earn and futures trading, incentivizing conservative users to trade during bear markets. Whether it is BFUSD or LDUSDT, Binance's goal is to activate idle stablecoins and ensure they continuously provide vitality for actual business within the Binance ecosystem.

What are your thoughts on this new product? Feel free to share your views and questions in the comments section, and let’s explore this interesting crypto story together!