Binance is launching a new “rewarded margin asset,” LDUSDT, which says that the company is not a stable person.
According to the April 9 announcement, LDUSDT can be obtained by exchanging TETHER’s USDT to the company’s simple return on return. Binance said that LDUSDT holders will continue to receive revenue compensation through Simple Earn while using tokens for margin transactions.
This began the second margin asset that Binance was rewarded. Binance launched BFUSD, BFUSD’s first reward margin asset in 2024. At the time of its launch, Binance stepped up to clarify “not stablecoin” by comparing the user’s problem and the failed Terrausd (USST) token.
In the latest announcements, Binance repeatedly repeatedly that LDUSDT was not stable.
“LDUSDT is an encryption asset that can be used as a futures trading margin, not a Starble Recon, and users can receive simple ABR APR rewards.”
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Deeply integrated tokens
According to Binance, LDUSDT can be used as a margin asset in multi -asset mode in Exchange’s gift platform. In addition, real -time annual return compensation occurs.
The exact release time has not been decided yet, and this announcement will be “Binance websites and apps will soon be provided.” A spokesman for Binance told Cointelewraph as follows:
“(LDUSDT) provides a user’s USDT utility by converting it into a trading asset for the future without losing access to persistent compensation. If the user replaces the subscribe USDT with LDUSDT, the funds can automatically move to the future wallet and use it as a multiple mode.”
Binance did not respond to the question of COINTELEGRAPH about potential risks related to this system at the time of publication.
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Binance continues to dominate the encryption market.
Binance is the world’s largest cryptocurrency exchange with trading volume. According to Coingecko, the platform has dealt with more than $ 16.5 billion in transactions for 24 hours. BitGet recorded less than $ 5 billion.
Although it is more popular, the data provided by Binance -owned CoinmarketCap shows that $ 24.6 billion worth of transactions have been made on the exchange over the last 24 hours. The platform shows only $ 38.4 billion in Bitget over the last 24 hours.
Despite the fact that legal and regulatory issues are underway in various jurisdictions, Binance continues to develop global influence. According to a recent report, the company’s former CEO, CZ, will begin to advise the Republic of Kyrgyz on regulations and technologies related to blockchains and encryption after signing a memorandum of understanding with foreign investment agencies of the country.
Meanwhile, the current CEO, Richard Teng, is still attracting attention. At the end of March, TENG denied reports that Binance.us is trading in the Blockworks 2025 Digital Asset Summit in New York on March 18 at the panel.
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