🧐Dual Use of One Coin｜#Binance Launches LDUSDT, where "Earnings" and "Trading" no longer conflict, LDUSDT is reconstructing the efficiency paradigm of crypto assets:

Binance recently announced the launch of its second "yield-bearing margin asset" — LDUSDT:

This allows users to enjoy passive income while engaging in contract trading.

What is LDUSDT?

How is it different from BFUSD?

Who should participate?

Here is an in-depth analysis of LDUSDT:

1️⃣ What is LDUSDT?

Product positioning of LDUSDT: a dual-function asset!

LDUSDT is a "yield-bearing margin asset" specifically designed for futures trading by Binance. It is pegged to the value of USDT, but its main function is to serve as margin for futures trading while providing a real-time annual percentage rate (APR).

The official note emphasizes that it is not a stablecoin; users can convert their held USDT into LDUSDT, which is a flexible yield product.

Users can convert their USDT from Binance Simple Earn's flexible products into LDUSDT for margin in futures trading while continuing to enjoy passive income similar to Simple Earn. Moreover, Binance allows users to use LDUSDT as margin for perpetual contracts (U-based contracts);

This means it can serve as both trading margin and earn income, breaking the traditional trade-off between "earnings" and "trading liquidity," allowing users' assets to have both "low-risk earnings" and "liquidity" simultaneously.

2️⃣ Core Features:

1) Dual Function: LDUSDT can be used as contract margin while continuing to earn passive income.

2) Real-time Earnings: APR is calculated in real-time, currently around 1.5%, ensuring that earnings are always positive.

3) Flexible Conversion: Users can convert LDUSDT back to USDT flexible products in "Simple Earn" at any time.

4) Usage Restrictions: LDUSDT can currently only be used as margin in contract accounts or converted back to USDT flexible products in "Simple Earn," and it does not support withdrawals or other uses at this time.

3️⃣ Why Choose LDUSDT?

The design philosophy of LDUSDT is to enhance capital efficiency, allowing users not to choose between earning passive income and maintaining liquidity. By converting USDT to LDUSDT, users can continue to earn income while participating in contract trading.

Binance's Vice President of Product, Jeff Li, stated: "LDUSDT enhances users' capital efficiency, enabling them to use their assets to earn rewards and as liquid trading margin while retaining the flexibility to redeploy capital at any time."

4️⃣ Considerations for Using LDUSDT:

1) Usage Restrictions:

LDUSDT can currently only be used as margin in contract accounts or converted back to USDT flexible products in "Simple Earn," and it does not support withdrawals or other uses at this time.

2) Earnings Volatility:

APR is calculated in real-time and may fluctuate based on market conditions.

3) Redemption Delays:

In cases of extreme market volatility, network delays, or a large number of simultaneous redemption requests, redemption delays may occur.

5️⃣ How is it different from BFUSD—

BFUSD generates earnings through more complex strategies, including delta hedging (arbitrage between spot and futures markets), funding fee income (futures funding fees), and staking rewards.

The yield (APY) may be higher, but the volatility is also greater, suitable for users willing to accept higher complexity and risk.

LDUSDT is an innovative asset designed by Binance for the mass market, achieving a perfect combination of passive income and futures trading through seamless integration with Simple Earn. Its core advantages lie in simplicity, low risk, and high flexibility, making it suitable for retail users who wish to balance wealth management and trading.

BFUSD, on the other hand, leans more towards the professional market, relying on complex hedging and staking strategies to provide higher yield potential for advanced traders, but with correspondingly higher operational thresholds and risks.

Both have their own focuses in terms of sources of earnings, functional design, applicable scenarios, and user experience, reflecting Binance's diversified strategy in the crypto finance field.

For users, the choice of which product to select depends on personal risk preferences, trading experience, and capital management needs.

Conclusion—

The launch of LDUSDT is another forward-looking innovation in Binance's product structure: Binance has opened a new realm in the stablecoin space:

LDUSDT provides users with higher capital utilization efficiency, allowing them to continue earning passive income while participating in contract trading by converting USDT into LDUSDT.

It not only enhances the liquidity and utilization efficiency of assets but also represents the integration and reconstruction of traditional DeFi earning mechanisms by CeFi platforms: achieving dynamic optimal allocation of funds without the cumbersome operations of "redeem–re-deploy."

The current market is at a cyclical node where both risk appetite and return expectations are being reshaped. LDUSDT offers contract users a new approach to "seeking victory amid stability" and provides a path for more investors pursuing returns and flexibility without compromise.

In the next phase of asset competition, the focus will not be on yield rates, but on the composite efficiency of earnings + flexibility + user experience.

And LDUSDT is the beginning of this direction.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。