Binance is introducing LDUSDt, a new reward-bearing margin asset that can be obtained by swapping USDt from its Simple Earn product. Unlike a stablecoin, LDUSDt allows users to earn yield rewards through Simple Earn while using the token for margin trading. This marks Binance's second launch of a reward-bearing margin asset, following BFUSD in 2024, which addressed user concerns linked to the defunct TerraUSD (UST). LDUSDt can be utilized as a margin asset in multi-asset mode on Binance's futures platform and accrues real-time yield rewards. The exact launch date is not yet announced, but it will be available soon on Binance's website and app. Despite facing legal and regulatory challenges, Binance remains the leading cryptocurrency exchange with significant trading volumes, processing over $16.5 billion in trades recently. Former CEO Changpeng Zhao will engage in crypto-related regulation and technology partnerships, while current CEO Richard Teng continues to oversee operations amidst ongoing scrutiny.

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