Binance is set to unveil its latest financial product, the LDUSDT, aimed at contract trading users. This new offering hinges on the concept of an interest-bearing non-stablecoin collateral asset. As articulated by a company representative, LDUSDT allows users to seamlessly convert USDT locked in the Simple Earn USDT flexible savings program into a viable collateral asset for futures trading, all while maintaining a chance to earn passive income.
The current annualized interest rate for LDUSDT hovers around 1.5%, dynamically updated every minute to reflect market conditions. Expected to be rolled out shortly within the month, LDUSDT will maintain the same real-time annualized interest rate as its affiliated Simple Earn USDT product. Importantly, Binance’s Earn products are noted for their stability, ensuring that LDUSDT will not present any negative yields to users, reinforcing the platform’s commitment to providing reliable investment opportunities.