Binance Reveals Token LDUSDT Bearing Rewards
Launched by leading cryptocurrency exchange Binance Futures, a derivatives trading platform, new reward-bearing margin asset LDUSDT is about to be introduced.
Press statement claims LDUSDT is not a stablecoin. The exchange customers might utilize this crypto asset as Futures trading margin. This lets customers also get Simple Earn Real-Time APR benefits concurrently.
Through flexible or limited savings products, Simple Earn—Binance's program—allows consumers to increase the assets they already own on the exchange.
Moreover, consumers of this newest asset may exchange their Tether (USDT) Simple Earn Flexible Product Assets for LDUSDT. They then may make use of the new asset as USDⓈ-M Futures trading margin. USDⓈ-margined contracts are linear futures listed and paid in USDT or USDC as the team defines it.
LDUSDT may also be used in Multi- Asset Mode as USDⓈ-M Futures trading margin.
Users who opt to switch and hold LDUSDT will still be eligible for Real-Time APR benefits from Simple Earn Flexible Products. An estimate of the benefits customers would get over a certain, chosen period is known as annual percentage rate (APR).
"LDUSDT will be soon accessible on the Binance Website and App," the press release states.
