{"id":143282,"date":"2024-11-26T13:00:33","date_gmt":"2024-11-26T11:00:33","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143282"},"modified":"2024-11-26T12:45:29","modified_gmt":"2024-11-26T10:45:29","slug":"top-cryptocurrency-exchange-binance-unveils-new-asset","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/top-cryptocurrency-exchange-binance-unveils-new-asset\/","title":{"rendered":"Top Cryptocurrency Exchange Binance Unveils New Asset"},"content":{"rendered":"

Users can earn yields as high as 19.55%, depending on their activity and eligibility. This innovative asset also doubles as a margin tool in multi-asset mode while continuing to generate rewards, making it an attractive option for traders.<\/p>\n

The official launch<\/a> <\/strong>of BFUSD is set for November 27 at 2 AM UTC, with a total supply capped at 120 million units. Binance has implemented a tiered quota system for purchases, determined by users\u2019 VIP levels. To participate, users need to transfer USDT to their UM wallets, with boosted APY available to those who traded UM Futures the previous day. Base APY starts at 29.18%, and a boosted APY can reach up to 38.98%, according to Binance\u2019s data.<\/p>\n

BFUSD stands out for its redeemable nature, allowing users to exchange it for USD stablecoins. It is backed by a collateral pool with a coverage rate of 101.32% and a dedicated reserve fund to handle potential funding costs, ensuring stability and security. Binance will allocate proceeds from BFUSD sales to passive income investment strategies, offering holders steady returns.<\/p>\n