Binance Unveils Reward-Bearing Margin Asset ‘BFUSD’

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TheNewsCrypto 13h ago

Binance Unveils Reward-Bearing Margin Asset ‘BFUSD’ - TheNewsCrypto

Quick Summary:

BFUSD, the first reward-bearing margin asset issued by a cryptocurrency exchange, was unveiled by Binance, the global blockchain ecosystem that powers the biggest cryptocurrency exchange in the world by both trading volume and users.

The majority of the income will be distributed by Binance as a daily reward in the form of USDT, to be shared among BFUSD holders.

A dedicated BFUSD Reserve Fund will receive the remaining portion of the generated income, which will support the investment and hedging strategy by covering potential negative Funding Rates.