Binance launches yield-bearing stablecoin-like token BFUSD with roughly 20% APY

Update: Binance has stated that BFUSD is not a stablecoin but a “reward-bearing margin asset for futures trading.” It has not yet been clarified further.] Binance has launched BFUSD, a yield-bearing stablecoin-like token for futures and perpetuals traders, according to a Nov. 18 announcement. BFUSD provides an annual percentage yield (APY) of approximately 19.55%, allowing … Continue reading Binance launches yield-bearing stablecoin-like token BFUSD with roughly 20% APY