Binance has introduced LDUSDT, a new ‘reward-bearing margin asset’ that expands users’ options in capital management across both the Earn and Futures platforms. LDUSDT builds upon Binance’s existing BFUSD offering to enhance user efficiency by allowing holders to leverage their assets for both rewards and active trading. 🎧
Users can convert their USDT holdings into LDUSDT through a simple swap function, providing access to futures margin accounts within Binance’s Multi-Asset Mode while retaining their Earn program rewards. The asset automatically flows into their futures account upon conversion, ready for use on USDⓈ-M perpetual contracts. 🎉
LDUSDT offers flexibility by allowing users to convert back to USDT at any time through the same interface, ensuring a seamless dual-purpose approach.
Binance’s recent growth figures show this new tool is poised to further impact user engagement and capital management. The platform saw 144% growth in Total Value Locked (TVL) for its Earn program in 2024, while daily transactions on Futures grew by 106.2%. 🚀
In a statement, Binance VP of Product Jeff Li explained the asset’s benefits:
“LDUSDT increases capital efficiency for users. It enables them to put their assets to work as both a rewarding investment and liquid trading margin asset.”
Binance remains the global leader in crypto derivatives trading, boasting over 450 trading pairs.