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Binance Introduces LDUSDt as a Reward-Bearing Margin Asset
In a move to further enhance its offerings and strengthen its position in the crypto market, Binance has introduced a new product called LDUSDt. This reward-bearing margin asset is designed to provide users with more utility for their subscribed USDt, converting it into a tradable token that retains its earning potential.
Unlike many other failed tokens like TerraUSD (UST), LDUSDt is not a stablecoin and will not be pegged to any specific fiat currency or asset. Instead, this innovative product allows users to generate returns on their capital even while using it for leveraged trading. This dual functionality is expected to greatly increase the efficiency of their assets.
In order to achieve this goal, LDUSDt has been deeply integrated into Binance’s ecosystem, enabling its use in Multi-Asset Mode within the futures platform. As a result, users will no longer have to choose between passive income and trading liquidity.
The introduction of LDUSDt is part of Binance’s relentless efforts to push the boundaries of financial innovation and adapt to the ever-changing needs of its user base. In 2024, the company launched its first asset of this kind, BFUSD, which initially sparked skepticism but ultimately proved to be a secure and functional tool for generating yield and trading flexibility.
The release of LDUSDt is significant not only because it offers users more utility but also as part of Binance’s ongoing commitment to expanding its offerings in response to the evolving needs of the market.
Source: https://crypto-economy.com/binance-introduces-ldusdt-as-a-reward-bearing-margin-asset/
