Breaking : Binance Introduces New Stablecoin With 19.55% APY

The post Breaking : Binance Introduces New Stablecoin With 19.55% APY appeared first on Coinpedia Fintech News

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%.