Binance to Debut Reward-Bearing Asset
Summary
Binance Futures will introduce LDUSDT, a new yield-bearing product, allowing traders to earn rewards for futures trading. LDUSDT is not a stablecoin but can be traded for Tether (USDT) via Binance’s Simple Earn Flexible Products to use as futures collateral. This product enhances capital efficiency and flexibility for users. It follows the successful launch of BFUSD, another reward-bearing asset. Binance aims to meet the growing demand for crypto products, with its futures products being highly popular. Binance Futures is the largest derivatives exchange, with a 24-hour trading volume of $129.7 billion.
