Binance Introduces High-Yield BFUSD Stablecoin

Binance has introduced a new stablecoin called BFUSD intended for high-yield earnings and to act as collateral for trading and borrowing. This stablecoin comes with an APY of 19.55%, making it a fantastic alternative to traditional stablecoins. A user just needs to keep the BFUSD in the UM wallets to get daily rewards without even staging or locking funds. BFUSD keeps stability with a 105.54% collateralization ratio and a reserve fund holding 1.1 million USDT as of November 17, 2024.