幣安推出 BFUSD，一種用於期貨交易的有獎勵保證金資產

幣安推出了一種名為 BFUSD 的新資產，引發了整個加密社群的討論。雖然有些人最初將其標記為高收益穩定幣

Cryptocurrency exchange Binance has introduced a new asset called "BFUSD," which has sparked discussions within the crypto community.

加密貨幣交易所幣安推出了一種名為「BFUSD」的新資產，引發了加密社群的討論。

Initially, some labeled the asset a high-yield stablecoin due to its name and the 19.55% annual percentage yield (APY) it offers. However, Binance has clarified that BFUSD is not a stablecoin and has not yet been launched.

最初，由於其名稱和其提供的 19.55% 年利率 (APY)，一些人將該資產標記為高收益穩定幣。不過，幣安已澄清，BFUSD 不是穩定幣，尚未推出。

"BFUSD is a reward-bearing margin asset for futures trading," Binance explained on X, addressing the misconceptions.

「BFUSD 是一種用於期貨交易的有回報的保證金資產，」幣安在 X 上解釋道，澄清了這些誤解。

Despite this clarification, the promotional page for the asset compares its yield to that of stablecoins, which has created further buzz.

儘管有這樣的澄清，該資產的宣傳頁面仍將其收益率與穩定幣的收益率進行了比較，這引起了進一步的關注。

The high APY of 19.55% has drawn attention, with some comparing it to the now-defunct TerraLUNA stablecoin, which offered similarly high returns through its Anchor Protocol.

19.55% 的高年化收益率引起了人們的關注，有些人將其與現已解散的 TerraLUNA 穩定幣進行了比較，後者透過其 Anchor Protocol 提供了類似的高回報。

It is unclear how BFUSD generates such high yields, but Binance has stated that more details will be provided soon.

目前尚不清楚 BFUSD 如何產生如此高的收益率，但幣安表示將很快提供更多細節。

Users can hold BFUSD in their "UM wallet" and receive daily rewards directly in their "UM Futures Wallet." Unlike traditional staking, there is no lockup period for these rewards.

用戶可以在「UM錢包」中持有BFUSD，並直接在「UM期貨錢包」中獲得每日獎勵。與傳統的質押不同，這些獎勵沒有鎖定期。

The maximum amount of BFUSD a user can hold is determined by their Binance VIP level.

用戶可持有的 BFUSD 最大金額由其幣安 VIP 等級決定。

This announcement comes as the crypto industry explores alternatives to traditional stablecoins, with products like BlackRock's BUIDL and Ethena's USDe offering new takes on dollar-pegged assets.

這項公告發布之際，加密產業正在探索傳統穩定幣的替代品，貝萊德的 BUIDL 和 Ethena 的 USDe 等產品提供了與美元掛鉤的資產的新方案。

Binance previously phased out support for its own stablecoin, BUSD, due to regulatory pressure and encouraged users to switch to First Digital USD (FDUSD). With BFUSD, the platform appears to be taking a different approach that is already generating interest.

由於監管壓力，幣安先前逐步取消了對自己的穩定幣 BUSD 的支持，並鼓勵用戶轉向 First Digital USD (FDUSD)。對於 BFUSD，該平台似乎採取了不同的方法，並且已經引起了人們的興趣。

Whether BFUSD will gain traction and become a widely used asset remains to be seen, but its high yield and unique structure have already sparked plenty of debate.

BFUSD 是否會獲得關注並成為廣泛使用的資產還有待觀察，但其高收益和獨特的結構已經引發了許多爭論。