幣安推出新穩定幣 BFUSD，年利率 19.55%，但殖利率來源仍不清楚

幣安推出了新的穩定幣 BFUSD，年化收益率為 19.55%。該穩定幣旨在吸引尋求被動收入的加密貨幣用戶。

Binance has introduced a new stablecoin called BFUSD, which offers an annual percentage yield (APY) of 19.55%. The stablecoin is designed to appeal to crypto users who are looking for ways to earn passive income.

幣安推出了一種名為 BFUSD 的新穩定幣，其年收益率 (APY) 為 19.55%。該穩定幣旨在吸引正在尋找賺取被動收入方法的加密貨幣用戶。

According to the information displayed on the Binance website, the total supply of BFUSD is capped at 20 million tokens, and the stablecoin operates with a collateralization ratio of 105.54%. The program allows users to earn rewards without staking or locking up their funds, as stated by Binance.

根據幣安網站顯示的信息，BFUSD的總供應量上限為2000萬枚，穩定幣的抵押率為105.54%。正如幣安所說，該計劃允許用戶無需質押或鎖定資金即可獲得獎勵。

Stablecoins like BFUSD are cryptocurrencies that are designed to maintain a stable value, often pegged to traditional currencies like the U.S. dollar. They are commonly used for trading, lending, or earning interest in decentralized finance (DeFi) platforms.

像 BFUSD 這樣的穩定幣是旨在保持穩定價值的加密貨幣，通常與美元等傳統貨幣掛鉤。它們通常用於在去中心化金融（DeFi）平台上進行交易、借貸或賺取利息。

The Binance website also mentions that the stablecoin can be utilized as collateral with a collateral ratio of 100%, which could make it an appealing option for certain use cases. However, further details regarding the origin of the yield and its sustainability are not immediately clear from the available information.

幣安網站還提到，穩定幣可以用作抵押品，抵押品比率為 100%，這可能使其成為某些用例的有吸引力的選擇。然而，有關產量來源及其可持續性的更多細節尚未從現有資訊中立即明確。

Binance has previously ventured into the realm of stablecoins with its BUSD stablecoin, which faced challenges in 2023.

幣安先前曾憑藉其 BUSD 穩定幣涉足穩定幣領域，但該穩定幣在 2023 年面臨挑戰。

Issued by Paxos and regulated by the New York Department of Financial Services, BUSD was intended to maintain a 1:1 peg to the U.S. dollar with reserves fully backed in cash or U.S. Treasuries.

BUSD 由 Paxos 發行並受紐約金融服務部監管，旨在維持與美元 1:1 的掛鉤，儲備完全以現金或美國國債支持。

But in February 2023, Paxos was ordered to stop issuing BUSD due to regulatory scrutiny from U.S. authorities, including the SEC, which suggested that BUSD might be classified as an unregistered security.

但在 2023 年 2 月，由於包括 SEC 在內的美國當局的監管審查，Paxos 被勒令停止發行 BUSD，這表明 BUSD 可能被歸類為未註冊證券。

This regulatory intervention led to a decline in BUSD’s market capitalization, dropping from over $16 billion in early 2023 to less than $3 billion by the end of the year.

這項監管幹預導致 BUSD 市值下降，從 2023 年初的超過 160 億美元跌至年底的不到 30 億美元。

The halt in new issuance also prompted Binance to shift its focus toward other stablecoins, like USDT (USDT) and its newly launched BFUSD. Despite its struggles, BUSD continued to function within the Binance ecosystem as a tool for trading and collateral in DeFi, although its future remained uncertain.

新發行的停止也促使幣安將重點轉向其他穩定幣，例如 USDT (USDT) 及其新推出的 BFUSD。儘管陷入困境，BUSD 仍繼續在幣安生態系統中作為 DeFi 的交易和抵押品發揮作用，儘管其未來仍不確定。