This post was originally published on Coinspeaker
Key NotesThe digital currency trading platform Binance plans to introduce LDUSDT to users.Users will be able to access the product through the Simple Earn product at an unchanging rate.LDUSDT is a different product from BFUSD.
Binance, the world’s largest digital asset exchange by trading volume, is set to launch a new product called LDUSDT. This upcoming product will allow users to trade crypto futures while earning additional benefits from their locked USDT funds.
Binance LDUSDT Bridges Trading and Passive Income
Binance’s latest product, LDUSDT, is designed as a reward-bearing non-stablecoin margin asset. This asset is the second of its kind on the platform, following the earlier introduction of BFUSD in November.
It is worth mentioning that the new updates were developed to improve capital efficiency and user experience. The update will remove the need for users to choose between earning interest and maintaining trading volume.
To get access to LDUSDT, users will have to first subscribe to Binance’s Simple Earn Tether (USDT) Flexible Product. Normally, when users lock their USDT in this product, the funds are held and cannot be used until redemption.
With LDUSDT, users will be able to convert their locked USDT into a margin asset for
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