Binance Introduces BFUSD Token with Promising Returns

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Bitcoin ‘s price stands at $90,500, maintaining a neutral day for altcoins. Unable to sustain above $92,000, BTC is experiencing volatility following previous fluctuations. Meanwhile, cryptocurrency companies are making significant announcements. The latest move comes from the Binance exchange, which has introduced BFUSD.

BFUSD and Binance

In response to pressure on cryptocurrency companies in the United States, Binance’s stablecoin BUSD has become obsolete. However, the exchange has now announced BFUSD, which offers an annual return opportunity of 19.55% and can also be used as collateral. This announcement signals potential increases in cryptocurrency values in the coming months, with trading volumes and price surges rapidly growing alongside demand.

The Binance website describes the new token as follows:

“No need to stake. Hold BFUSD in your account and watch daily airdrops boost your balance.

BFUSD can be used as collateral at a 100% collateral rate in Multi-Asset Mode. We recommend switching to Multi-Asset Mode to expand your investment potential.

Interest is calculated based on the lowest BFUSD balance recorded in a user’s account from real-time APY and hourly snapshots taken throughout the day.

MiCA and PM users can only use BFUSD and do not earn rewards while holding BFUSD.”

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