Binance has introduced LDUSDT, a fresh ‘reward-bearing margin asset’ aimed at providing users with enhanced flexibility in deploying capital across its Earn and Futures platforms.
LDUSDT is the second asset of its kind, following BFUSD, and is designed to boost the efficiency of users’ capital. It enables holders to engage in perpetual futures trading on Binance Futures while still earning rewards through the Earn program.
Users enrolled in Simple Earn’s USDT Flexible Products can convert their assets into a margin for futures trading, all the while receiving real-time APR rewards.
They can easily swap their subscribed USDT for LDUSDT and start utilizing it as margin in Multi-Asset Mode.
Once the swap is complete, LDUSDT will automatically be credited to the user’s futures account. This allows users to trade using it on USDⓈ-M perpetual contracts while continuing to earn APR rewards, effectively enabling the same funds to serve two purposes.
Furthermore, users have the option to convert LDUSDT back into USDT at any time via the same interface.
This new asset is scheduled to launch later in April 2025.
Binance’s Expansion
Jeff Li, VP of Product at Binance, emphasized the advantages of this new financial instrument and its positive effect on capital efficiency. “LDUSDT enhances capital efficiency for users,” Li stated. “It allows them to utilize their assets as both a reward-earning tool and a liquid trading margin.”
Leading the global crypto derivatives market, the exchange boasts over 450 trading pairs with significant volume and liquidity.