Binance has launched LDUSDT, a yield-bearing margin asset that lets traders earn passive income while trading futures.
Binance just announced that its reward-bearing margin asset LDUSDT is now available on the exchange’s futures trading platform. Users can swap their Tether
The launch of LDUSDT follows Binance‘s success with its first reward-bearing asset, BFUSD, with the current base annual percentage yield of 2.85%, which was launched in November last year.
What sets LDUSDT apart is the integration of yield and margin utility. Unlike BFUSD, which offers a stable base APY but cannot be used for futures trading, LDUSDT allows users to continue earning rewards while deploying the asset as collateral in USDⓈ-M futures contracts.
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The launch of LDUSDT is part of a broader and growing trend among centralized exchanges to create native yield-bearing assets that provide users with passive income opportunities. Other CEXs, including Coinbase, Bybit, and OKX, have already entered this space with their own versions of yield-generating products.
For example, Coinbase promotes USD Coin (USDC) as a yield-earning stablecoin within its Base Layer 2 network, giving users an opportunity to earn 4.1% by simply holding it on Coinbase. Bybit’s Earn Hub offers flexible and fixed-term investments with high APYs through USDT and USDC products, while OKX has integrated with yield-generating protocols like Origin Dollar (OUSD), offering 3.85% APY.