Binance Introduces New Stablecoin With 19.55% APY
Binance revealed in its latest announcement that it has launched the BFUSD stablecoin with an annualized return of 19.55% and can also be used as collateral. Benefits include worry-free yields without staking or locking your funds, additional trading capabilities as BFUSD can be used as collateral in multi-asset mode with a 100% collateralization rate. The exchange suggested moving to a multi-asset model to expand trading potential. The total supply of BFUSD is 20 million, the system mortgage ratio is 105.54%, and the estimated annualized yield (APY) is 19.55%.
