Binance Launches Margined Asset LDUSDt

Binance is launching a new “rewarded margin asset” LDUSDt, which the company says is not a stablecoin.

LDUSDT is not a stablecoin, but a crypto asset that can be used as margin for futures trading, allowing users to earn Simple Earn rewards in real time, the crypto exchange said.

Binance said that LDUSDt can be obtained by exchanging USDt stablecoins deposited into the Simple Earn service. LDUSDt holders will continue to receive yield rewards through Simple Earn even if they use the token for margin trading.

The exact launch time of the new asset is not yet known, but the announcement states that it will be “coming soon to the Binance website and app.”

LDUSDt increases the utility of USDT for users by turning it into a tradable asset for futures without losing access to current rewards. When users exchange their subscribed USDT for a new asset, the funds are automatically moved to their futures wallet, where they can be used as margin in multi-asset mode, the statement said.

This is the second time Binance has launched a margin-based reward asset, with the first BFUSD debuting in 2024.

Источник: cryptocurrency.tech