Binance Addresses BFUSD Concerns: No Stablecoin, No Launch Yet

TL;DR Binance has clarified that BFUSD is not a stablecoin and has not yet been launched, addressing misconceptions about its high annual percentage yield (APY) of 19.55%. BFUSD is a reward-bearing margin asset for futures trading, designed to act as collateral without requiring fund staking or lock-up periods, with rewards distributed through daily airdrops. The ... source: https://crypto-economy.com/binance-addresses-bfusd-concerns-no-stablecoin-no-launch-yet/