Binance has launched BFUSD, a yield-bearing stablecoin for futures and perpetuals traders offering approximately 19.55% APY. Users can earn rewards without staking funds. BFUSD can be acquired through USDT swaps and has a collateralization ratio of 105.54%. However, users in certain regions are restricted from accessing BFUSD. Binance faces competition from other stablecoins like sUSDe and USDT.
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