Binance launches a yield-bearing margin asset for futures traders

Binance has launched LDUSDT, a yield-bearing margin asset that lets traders earn passive income while trading futures.

Binance just announced that its reward-bearing margin asset LDUSDT is now available on the exchange’s futures trading platform. Users can swap their Tether (USDT) on Binance’s Simple Earn platform for LDUSDT, which they can then use as margin in trades, while earning passive income through rewards.

The launch of LDUSDT follows Binance‘s success with its first reward-bearing asset BFUSD with the current base annual percentage yield of 2.85%, which was launched in November last year.

What sets LDUSDT apart is the integration of yield and margin utility. Unlike BFUSD—which offers a stable base APY but cannot be used for futures trading—LDUSDT allows users to continue earning rewards while deploying the asset as collateral in USDⓈ-M futures contracts.

The launch of LDUSDT is part of a broader and growing trend among centralized exchanges to create native yield-bearing assets that provide users with passive income opportunities. Other CEXs including Coinbase, Bybit, and OKX have already entered this space with their own versions of yield-generating products.

For example, Coinbase promotes USD Coin (USDC) as a yield-earning stablecoin within its Base Layer 2 network, giving users an opportunity to earn 4.1% by simply holding it on Coinbase. Bybit’s Earn Hub offers flexible and fixed-term investments with high APYs through USDT and USDC products, while OKX has integrated with yield-generating protocols like Origin Dollar (OUSD) offering 3.85% APY.