Binance introduced BFUSD — an innovative reward asset that can be exchanged for USD stablecoins and used to generate passive income. This tool is ideal for traders and investors who want to earn rewards while maintaining flexibility in futures trading.
What is BFUSD?
BFUSD is a reward token that is credited to users for holding funds on the Binance platform. It has a unique advantage: BFUSD can be exchanged for USD stablecoins and used as margin on futures accounts, allowing for simultaneous income generation and active trading.
Key Benefits of BFUSD
Daily rewards — users receive USD stablecoins at a fixed annual percentage rate (APR).
Use as margin — holding BFUSD does not limit your trading opportunities: the asset can be used when working with futures.
Flexibility and liquidity — BFUSD can be easily converted into stablecoins, providing quick access to your funds.
Passive income — holding BFUSD allows you to earn daily rewards without additional actions.
How rewards are accrued
Rewards are calculated daily based on your Qualified BFUSD balance. The annual percentage rate (APR) is set by Binance and may change depending on market conditions. The rewards received are automatically credited in the form of USD stablecoins, simplifying asset management.
Who is BFUSD suitable for
BFUSD will be of interest to:
Investors who want to earn passive income with minimal risks.
Traders who find it important to have the ability to use the rewarded asset for futures trading.
For users who prefer to hold assets in liquid form with the ability to quickly exchange for stablecoins.
Conclusion
BFUSD combines the opportunities for passive income and active trading, providing users with flexibility, liquidity, and daily rewards. This is another step by Binance in developing tools that bridge traditional financial opportunities and innovations in the crypto market.
