BFUSDBFUSD Price

BFUSD is a reward-bearing asset introduced by Binance to provide users with the opportunity for returns on qualifying balances in their accounts. BFUSD can also be used as margin in Multi-Assets Mode on Binance Futures while still earning rewards.

Binance utilizes a delta-hedging strategy by holding long positions in the Spot market while simultaneously opening short positions in the Futures market to stabilize value. It is redeemable for USD Stablecoin, making it an ideal choice for users seeking a stable solution in the crypto market. Binance users holding BFUSD in their accounts will receive a daily reward in USD Stablecoin at the APY for their qualifying balances.

The BFUSD reserve fund was initially funded with 1 million USDT at launch. This fund provides stability in difficult market conditions: it supports the BFUSD hedging mechanism, protecting users from negative funding rates.