Binance launches tokens with passive income

The cryptocurrency exchange Binance is releasing new tokens BFUSD, which offer the ability to generate passive income. This was reported by the portal HappyCoinNews.

Binance representatives have already begun to deny rumors that BFUSD will be a stablecoin pegged to the dollar. They referred to the coin as "a reward-generating margin asset for futures trading". 

According to unconfirmed information, clients of the exchange will be able to use the BFUSD tokens as collateral, as well as store the coins in the UM wallet and receive daily rewards, the amount of which will depend on their assigned VIP level. It is not yet specified how much money can be earned from BFUSD, but if the rumors are to be believed, storing digital assets could yield up to 19.55% annually. 

Earlier, we reported that the Dutch company Quantoz launched two stablecoins compliant with MiCA regulations after receiving investments from the cryptocurrency exchanges Fabric Ventures, Kraken, and Tether.