Share this article
Market News
Binance’s Second Reward-Bearing Asset LDUSDT to Launch Soon
BTC
$77,340.91
–
1.32%
ETH
$1,479.94
–
3.06%
USDT
$0.9993
–
0.03%
XRP
$1.8320
–
3.28%
BNB
$561.24
+
0.87%
USDC
$0.9999
+
0.01%
SOL
$106.50
–
1.01%
TRX
$0.2308
–
1.19%
DOGE
$0.1464
–
2.62%
ADA
$0.5704
–
4.00%
LEO
$9.1593
+
1.72%
LINK
$11.37
–
0.50%
TON
$3.0014
–
1.96%
AVAX
$16.72
–
2.60%
XLM
$0.2208
–
4.86%
SHIB
$0.0₄1108
–
0.57%
HBAR
$0.1517
–
5.30%
SUI
$1.9461
–
2.86%
OM
$6.2403
+
0.62%
BCH
$274.23
–
1.57%
By Shaurya Malwa|Edited by Parikshit Mishra
Updated Apr 9, 2025, 1:53 p.m. Published Apr 9, 2025, 12:37 p.m.
- Binance Futures will introduce LDUSDT, a reward-bearing margin asset that accrues rewards to holders.
- Traders can swap their tether (USDT) for LDUSDT on Binance’s Simple Earn Flexible Product to use as margin for futures trading.
Binance Futures will soon introduce LDUSDT, a reward-bearing margin asset that accrues rewards to holders.
Traders can swap their tether (USDT) on Binance’s Simple Earn Flexible Product for LDUSDT, which can then be utilized as margin for stablecoin-margined futures trading.
STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy.
Binance said LDUSDT builds on the success of BFUSD, its inaugural reward-bearing margin asset, which debuted earlier and enabled users to earn annual percentage yields (APY) through the exchange’s hedging and investment strategies.
“After the launch of our first reward-bearing margin asset, BFUSD, was positively received by users, we are pleased to introduce yet another product to bring more utility to our users,” Jeff Li, VP of Product at Binance said in a statement. “LDUSDT increases capital efficiency for users and lets users put their assets to work for them as both a reward-earning and liquid trading margin asset, all while retaining flexibility to redeploy their capital at any time.
As such, LDUSDT is not a stablecoin but a crypto token designed specifically for use as futures trading margin while simultaneously offering reward-earning potential. As of Wednesday, annualized yields for holding the token are around 1.5%, per The Block, and will be updated on a minute-by-minute basis.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
