Crypto Gloom

Binance Launches New Stablecoin with 19.55% APY

In a recent announcement, Binance announced the launch of the BFUSD stablecoin, which offers a 19.55% annual return and can also be used as collateral. Benefits include hassle-free returns with no need to stake or lock funds, additional trading power as BFUSD can be used as collateral at a 100% collateralization ratio in multi-asset mode. The exchange proposes switching to multi-asset mode to expand trading potential. The total supply of BFUSD is 20 million, the system collateral ratio is 105.54%, and the estimated annual percentage yield (APY) is 19.55%.