Binance clarifies BFUSD isn’t a stablecoin as X gets Terra flashbacks
19 hours ago · In a Nov. 17 post to X, crypto news aggregator Zoomerfied told users that Binance would be launching a stablecoin with a 19.55% annual yield, sending many on X to throw in comparisons to Terraform ...
Binance is launching a new stablecoin BFUSD with 19.55% APY
1 day ago · Binance will issue BFUSD, a dollar-denominated asset that will also serve as a high-yield token. Simply holding BFUSD may grant 19.55% yield. ... Following the news of the BFUSD launch, BNB rallied to $621.93. BNB has remained relatively stagnant, though easily retaining levels above $600. Binance remains a hub for crypto innovation, though its ...
Binance Clarifies BFUSD Is Not a Stablecoin and Remains …
1 day ago · Binance emphasized that BFUSD is a reward-bearing margin asset for futures trading. Binance promises to clarify BFUSD’s mechanics and APY generation soon. Binance’s announcement of a new asset, BFUSD, has sparked intense discussions in the crypto community. Although the platform advertised BFUSD as a high-yield margin asset with a 19.55% ...
Binance Clarifies New BFUSD Asset Isn’t Stablecoin despite High …
15 hours ago · Binance announced BFUSD with a notable 19.55% APY, clarifying it's a reward-bearing margin asset for futures trading, not a stablecoin. Users can earn rewards through daily airdrops based on ...
Binance clarifies BFUSD misconceptions, reveals margin trading …
Binance, the international cryptocurrency exchange, has addressed concerns surrounding its upcoming BFUSD token, clarifying that the product is not a stablecoin and has yet to be launched. Speculation arose following a post by Zoomerfied on X, which claimed Binance was introducing a stablecoin with an annual yield of 19.55%.
Binance: BFUSD – ‘Not a Stablecoin, But a High-Yield Margin …
11 hours ago · The clarification emerged following a November 17 post by crypto news aggregator Zoomerfied, which suggested Binance was set to launch a stablecoin offering a 19.55% annual yield. This assertion ...
Binance's BFUSD Sparks Controversy: Is It the Next TerraUSD?
16 hours ago · The firm has stated in an X post that BFUSD is a reward-bearing margin asset, not a stablecoin. The confusion started after crypto news aggregator, Zoomerfied’s post on BFUSD on X (formerly known as Twitter) on November 17, 2024. According to the post, Binance was getting ready to launch a high-yield stablecoin offering an annual rate of 19.55%.
Binance Launches BFUSD Trading Asset with 19.55% Annual Yield
14 hours ago · Binance quickly clarified that BFUSD is not a stablecoin but rather a specialized trading asset designed for futures and perpetuals traders. Users can acquire BFUSD through Tether USD (USDT) swaps. The asset maintains stability through a collateralization ratio of 105.54%, with a reserve fund currently holding 1.1 million USDT as of November 17 ...
Binance Introduces High-Yield BFUSD Stablecoin - CoinGape
1 day ago · BFUSD is highly collateralized and can be used for trading and borrowing. Binance has introduced a new stablecoin called BFUSD intended for high-yield earnings and to act as collateral for trading and borrowing. This stablecoin comes with an APY of 19.55%, making it a fantastic alternative to traditional stablecoins.
Binance Confirms BFUSD Is Not a Stablecoin | Arabian Post
16 hours ago · Binance, one of the largest cryptocurrency exchanges globally, has clarified that its BFUSD token, which promises an annual yield of 19.55%, is not a stablecoin. The clarification comes amid growing confusion in the market, as some users and analysts initially viewed the token as a stablecoin-like product due to its name and yield structure. The.
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