Binance is launching a new “reward-bearing margin asset” LDUSDT, which the company says is not a stablecoin.
According to one April 9 announcementLDUSDT can be obtained by changing the USDT deposited by Tether with the simple firm revenue product. Binance said LDUSDT holders will continue to earn rewards through simple income, even if the token is used for margin trading.
It was marked the second time that Binance launched an asset-bearing margin asset. Binance launched The first margin owned with reward, BFUSD, in 2024. At the time of launch, Binance entered To clarify that “this is not a stablecoin” In response to user concerns and comparisons to the failed token of terrausd (UST).
In its latest announcement, Binance reiterated that LDUSDT is not a stablecoin:
“LDUSDT is not a stablecoin but a crypto asset that can be used as Futures Trading Margin, while allowing users to earn a simple earning real-time APR rewards.”
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A deep rolled token
According to Binance, the LDUSDT can be used as a margin asset in multi-asset mode on the exchange of futures platform. It also gets real-time annual percent yield rewards.
The exact launch time is not yet determined, with the announcement that it is “available on the Binance and App website as soon as possible.” A Binance speaker told Cointelegraph:
“(LDUSDT) provides USDT users’ more utility utility by converting it into a tradable property for futures, without losing access to their ongoing rewards. When users replaced their subscribed USDT for LDUSDT, funds are automatically transferred to their futures purse, where they can be used as Margin Mully Mully Mully.”
Binance does not respond to cointelegraph questions about the potential implications of risk associated with this system at the time of publication.
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Binance continues to lead to crypto markets
Binance remains the largest cryptocurrency exchange worldwide through trading volume. According to In coingecko, the platform processes more than $ 16.5 billion in trade over a 24 -hour period. Followed by a bitget just under $ 5 billion in volume.
Data Provided by the more popular but Binance owned by CoinMarketCap shows that $ 24.6 billion worth of trade has taken place in the exchange in the last 24 hours. The platform shows only $ 3.84 billion worth of trading in bitget in the past 24 hours.
Despite continued legal challenges and regulations in many constituents, Binance continues to grow its global influence. According to recent reports, former CEO of firm Changpeng “CZ” Zhao, will begin Advises Kyrgyz Republic to Blockchain and regulation associated with crypto and tech after signing a memorandum of understanding the country’s foreign investment agency.
Meanwhile, current CEO Richard Teng remains in attention. In late March, Teng denied reports that Binance.us was in dealing Talks to the entities associated with US President Donald Trump In a panel of March 18 at Blockworks’ 2025 Digital Asset Summit in New York.
Magazine: Crypto adventures of Trump’s crypto raises conflict of interest, insider trading questions
