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By Shaurya Malwa|Edited by Parikshit Mishra
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
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.
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.
