The post Binance Introduces New Stablecoin With 19.55% APY appeared on BitcoinEthereumNews.com.

Binance in its latest announcement has revealed that it has launched the BFUSD stablecoin, which provides an annual yield of 19.55%, which can also be used as collateral. The benefits included Hassle-Free Earnings with no need for staking or locking up your funds, Extra Trading Power as BFUSD can be used as collateral with 100% collateral ratio in Multi-Asset Mode. The exchange suggests switching to Multi-Asset Mode to expand trading potential. The total supply of BFUSD is 20 million, the system collateralization ratio is 105.54%, and the estimated annual yield (APY) is 19.55%. Source: https://coinpedia.org/crypto-live-news/breaking-binance-introduces-new-stablecoin-with-19-55-apy/

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Filed under: News - @ November 19, 2024 1:15 am