Binance launches a new “rewarded marginal asset” LDUSDT, which, according to the company, is not a stablecoin.
Binance reported that LDUSDT can be obtained by exchanging USDT stabilcoins, included in the Simple Earn service. LDUSDT holders will continue to receive rewards for profitability through Simple Earn, even if they use token for marginal trade.
The exact time of launching a new asset is not yet known, but the announcement states that “soon it will appear on the site and in the Binance application.”
LDUSDT increases the utility of USDT for users, turning it into a traded asset for futures without loss of access to current remuneration. When users exchange their signed USDT for a new asset, the means automatically move to their futures wallet, where they can be used as a margin in several assets mode, the statement said.
This is the second time when Binance triggers a marginal asset bringing a reward. The first BFUSD debuted in 2024.
Be in the know! Subscribe to Telegram.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
