A New Move from Binance Futures: Margin and Reward Earnings with LDUSDT

Binance continues to take steps to enhance user experience. The platform has recently announced the launch of a new reward-bearing margin asset called LDUSDT. With this new asset, users will be able to convert their USDT held in Simple Earn Flexible Products into LDUSDT and use it as margin in USDⓈ-M Futures trading.

Moreover, users holding LDUSDT will continue to earn real-time APR rewards, just like in Simple Earn.

Click to Register to Binance Exchange with 20% Commission Discount!

After BFUSD Comes a New Step: LDUSDT

As you may recall, Binance had previously introduced BFUSD, its first reward-generating margin asset. BFUSD allowed users to earn funding income and staking rewards from Binance’s investment and hedging strategies. Now, with LDUSDT, this approach is taken a step further.

Key Features of LDUSDT

Reward-Bearing Margin Asset: LDUSDT is not a stablecoin. However, it can be used as margin in futures trading while also providing Simple Earn real-time APR earnings.

1. Use in Futures Trading: LDUSDT can be used in USDⓈ-M Futures contracts through Multi-Asset Mode.
2. Convert USDT Holdings: USDT held in Simple Earn Flexible Products can be swapped into LDUSDT.
3. Real-Time Reward Earnings: Just like in Simple Earn products, LDUSDT accrues real-time APR rewards.

LDUSDT will soon be available via the Binance website and mobile app.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Binance Launches LDUSDT, a Yield-Bearing Asset Usable as Margin appeared first on Coin Engineer.