币安推出 BFUSD，一种用于期货交易的有奖励保证金资产

币安推出了一种名为 BFUSD 的新资产，引发了整个加密社区的讨论。虽然有些人最初将其标记为高收益稳定币

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

加密货币交易所币安推出了一种名为“BFUSD”的新资产，引发了加密社区的讨论。

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，由于其名称和其提供的 19.55% 年利率 (APY)，一些人将该资产标记为高收益稳定币。不过，币安已澄清 BFUSD 不是稳定币，尚未推出。

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

“BFUSD 是一种用于期货交易的有回报的保证金资产，”币安在 X 上解释道，澄清了这些误解。

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

尽管有这样的澄清，该资产的宣传页面仍将其收益率与稳定币的收益率进行了比较，这引起了进一步的关注。

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们的关注，一些人将其与现已解散的 TerraLUNA 稳定币进行了比较，后者通过其 Anchor Protocol 提供了类似的高回报。

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 如何产生如此高的收益率，但币安表示将很快提供更多细节。

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.

用户可以在“UM钱包”中持有BFUSD，并直接在“UM期货钱包”中获得每日奖励。与传统的质押不同，这些奖励没有锁定期。

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

用户可持有的 BFUSD 最大金额由其币安 VIP 级别决定。

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.

这一公告发布之际，加密行业正在探索传统稳定币的替代品，贝莱德的 BUIDL 和 Ethena 的 USDe 等产品提供了与美元挂钩的资产的新方案。

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.

由于监管压力，币安此前逐步取消了对自己的稳定币 BUSD 的支持，并鼓励用户转向 First Digital USD (FDUSD)。对于 BFUSD，该平台似乎采取了一种不同的方法，并且已经引起了人们的兴趣。

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 是否会获得关注并成为广泛使用的资产还有待观察，但其高收益和独特的结构已经引发了很多争论。