Binance to launch 'reward-bearing margin asset' BFUSD soon

Crypto exchange Binance is scheduled to launch BFUSD, a "reward-bearing margin asset," on Wednesday (Asia time), The Block reported. BFUSD allows investors to gain passive rewards through either holding it or trading futures with it. Moreover, BFUSD holders will be eligible to enjoy a daily cumulative Base percentage yield (APY) even if they do not trade futures, with higher APY available for users having qualifying USDⓈ-margined futures trading activity, a Binance spokesperson told The Block.