TL;DR
- Binance has launched LDUSDt, a new margin asset that allows users to earn rewards while using it for futures trading.
- This token is obtained by swapping USDt from the Simple Earn product, and Binance emphasizes that it is not a stablecoin.
- Moreover, LDUSDt holders can retain their real-time passive yield even while the token is used as collateral for derivatives trading.
Binance, the world’s leading cryptocurrency exchange, has officially introduced LDUSDt, its second reward-bearing margin asset. This token marks a significant advancement in the decentralized finance ecosystem, as it enables users to earn yield while using the asset as collateral in futures operations. LDUSDt is created by swapping USDt that has been deposited into Binance’s Simple Earn product, a tool designed to provide passive income through real-time interest accrual.
The platform was quick to clarify that LDUSDt is not a stablecoin, preempting comparisons with failed tokens like TerraUSD (UST). According to Binance, LDUSDt is a crypto asset meant to give more utility to subscribed USDt by converting it into a tradable token that retains its earning potential. In this way, users no longer have to choose between passive income and trading liquidity.
More Utility for USDT Without Losing Yield
LDUSDt is being deeply integrated into Binance’s ecosystem, allowing it to be used in Multi-Asset Mode within the futures platform. This means that users can continue generating returns on their capital even while it is actively being used in leveraged trading. Binance emphasizes that this feature is aimed at enhancing users’ capital efficiency by giving their deposited assets dual functionality.
With this move, Binance once again demonstrates its leadership in financial innovation within the crypto space. Back in 2024, the company had launched its first asset of this kind, BFUSD, which was also initially met with skepticism but later proved to be a secure and functional tool for yield generation and trading flexibility.
Binance Strengthens Its Dominance Amid Global Challenges
Despite ongoing regulatory pressures in various regions, Binance remains the most widely used crypto exchange in the world, with over $24 billion in daily trading volume according to CoinMarketCap. Additionally, the company is continuing its global expansion. Former CEO Changpeng Zhao recently signed an agreement with the government of Kyrgyzstan to advise on blockchain and crypto regulation, signaling Binance’s ongoing commitment to global blockchain adoption.
The launch of LDUSDt reflects a clear trend: users are seeking assets that offer flexibility, yield, and real-world utility in a rapidly evolving financial ecosystem. And despite the challenges, Binance continues to set the pace.
