Binance plans to launch a new yield-bearing product, LDUSDT, designed to help traders earn rewards and use those rewards as collateral for futures trading. Unlike a stablecoin or a tradable token, LDUSDT allows users to exchange Tether for it and utilize it for speculation in future contracts. Binance's VP of product, Jeff Li, explained that LDUSDT will increase capital efficiency, enabling users to earn rewards while simultaneously maintaining flexibility in their trading strategies. This new initiative follows Binance's introduction of BFUSD as another reward-bearing asset for margin trading. They aim to meet the growing demand for crypto products. The cryptocurrency exchange's futures trading platform is already recognized as the largest derivatives exchange within the sector. The organization's latest venture underscores its commitment to expanding offerings and facilitating more avenues for users to engage with cryptocurrency effectively.

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