Binance clarifies: 'Reward based' BFUSD assets are not stablecoins and have not yet been launched

Odaily Planet Daily News: Binance announced on Monday the upcoming launch of an asset called BFUSD, which some industry insiders say is similar to high-yield stablecoins (with an annual yield of 19.55%). Binance subsequently clarified that despite the suffix "USD" in its name, the asset is not a stablecoin. BFUSD has not yet been launched. It should be clarified that it is not a stablecoin, but a reward margin asset used for futures trading, "Binance wrote on X in response to the cryptocurrency news aggregator @ Zoomerfied referring to the token as a" stablecoin ". （The Block）