Binance launches yield-bearing stablecoin BFUSD with roughly 20% APY

Binance has launched BFUSD, a yield-bearing stablecoin for futures and perpetuals traders, according to a Nov. 18 announcement. BFUSD provides an annual percentage yield (APY) of approximately 19.55%, allowing users to earn daily rewards by holding BFUSD in their Binance futures accounts without the need to stake or lock funds. According to BFUSD’s page, users […] The post Binance launches yield-bearing stablecoin BFUSD with roughly 20% APY appeared first on CryptoSlate.