Markets, Binance LDUSDT has no expanded title and is Binance’s second yield bearing asset for retailers. 

Binance Futures will shortly introduce LDUSDT, a reward-bearing margin asset that accrues rewards to holders.

Traders can swap their tether (USDT) on Binance’s Simple Earn Flexible Product for LDUSDT, which could then be utilized as margin for stablecoin-margined futures shopping for and promoting.

Binance said LDUSDT builds on the success of BFUSD, its inaugural reward-bearing margin asset, which debuted earlier and enabled prospects to earn annual share yields (APY) through the alternate’s hedging and funding strategies.

As such, LDUSDT should not be a stablecoin nevertheless a crypto token designed notably for use as futures shopping for and promoting margin whereas concurrently offering reward-earning potential. As of Wednesday, annualized yields for holding the token are spherical 1.5%, per The Block, and can seemingly be updated on a minute-by-minute basis.

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