{"id":126811,"date":"2025-04-09T15:16:16","date_gmt":"2025-04-09T15:16:16","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126811"},"modified":"2025-04-09T15:16:16","modified_gmt":"2025-04-09T15:16:16","slug":"binance-to-launch-second-reward-bearing-margin-asset-ldusdt","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126811","title":{"rendered":"Binance to launch second reward-bearing margin asset LDUSDt"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBinance is launching a new \u201creward-bearing margin asset\u201d LDUSDt, which the company says is not a stablecoin.<br \/>\nAccording to an April 9 announcement, LDUSDt can be obtained by swapping Tether\u2019s USDt deposited in the firm\u2019s Simple Earn yield product. Binance stated that holders of LDUSDt will continue to earn yield rewards through Simple Earn, even while using the token for margin trading.<br \/>\nThis marks the second time Binance has launched a reward-bearing margin asset. Binance\u00a0launched\u00a0its first reward-bearing margin asset, BFUSD, in 2024. At the time of the launch, Binance had stepped in to clarify that \u201cit is not a stablecoin\u201d in response to user concerns and comparisons to the failed TerraUSD (UST) token.<br \/>\nIn its latest announcement, Binance preemptively reiterated that LDUSDt is not a stablecoin:<br \/>\n\u201cLDUSDT is not a stablecoin but a crypto asset that can be used as Futures trading margin, while allowing users to earn Simple Earn Real-Time APR rewards.\u201c<br \/>\nRelated: Binance to purge 14 tokens following \u2018vote to delist\u2019 process<br \/>\nA deeply integrated token<br \/>\nAccording to Binance, LDUSDt can be used as a margin asset in multi-asset mode on the exchange\u2019s futures platform. It also accrues real-time annual percentage yield rewards.<br \/>\nThe exact launch time is yet to be determined, with the announcement noting that it \u201cwill be available on the Binance website and app soon.\u201d A Binance spokesperson told Cointelegraph:<br \/>\n\u201c[LDUSDt] gives users\u2019 USDT more utility by converting it into a tradable asset for Futures, without losing access to their ongoing rewards. When users swap their subscribed USDT for LDUSDT, the funds are automatically moved into their Futures Wallet, where they can be used as margin in Multi-Asset Mode.\u201c<br \/>\nBinance had not responded to Cointelegraph\u2019s questions regarding potential risk implications associated with this system by the time of publication.<br \/>\nRelated: Nigerian court postpones Binance tax evasion case to end of April: Report<br \/>\nBinance continues to dominate crypto markets<br \/>\nBinance remains the world\u2019s largest cryptocurrency exchange by trading volume. According to CoinGecko, the platform processed more than $16.5 billion in trades over a 24-hour period. Bitget followed with just under $5 billion in volume.<br \/>\nData provided by the more popular but Binance-owned CoinMarketCap shows that $24.6 billion worth of trades took place on the exchange over the last 24 hours. The platform shows only $3.84 billion worth of trades on Bitget in the previous 24 hours.<br \/>\nDespite ongoing legal and regulatory challenges in multiple jurisdictions, Binance continues to grow its global influence. According to recent reports, the firm\u2019s former CEO, Changpeng \u201cCZ\u201d Zhao, will begin advising the Kyrgyz Republic on blockchain and crypto-related regulation and tech after signing a memorandum of understanding with the country\u2019s foreign investment agency.<br \/>\nMeanwhile, current CEO Richard Teng remains in the spotlight. In late March, Teng denied reports that Binance.US was in deal talks with entities affiliated with US President Donald Trump during a March 18 panel at Blockworks\u2019 2025 Digital Asset Summit in New York.<br \/>\nMagazine: Trump\u2019s crypto ventures raise conflict of interest, insider trading questions<a href=\"https:\/\/cointelegraph.com\/news\/binance-launches-reward-bearing-margin-asset?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBinance is launching a new \u201creward-bearing margin asset\u201d LDUSDt, which the company says is not a stablecoin. According to an April 9 announcement, LDUSDt can be obtained by&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126811"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126811"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126811\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126811"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}