币安推出新稳定币 BFUSD，年利率 19.55%，但收益率来源仍不清楚

币安推出了新的稳定币 BFUSD，年化收益率为 19.55%。该稳定币旨在吸引寻求被动收入的加密货币用户。

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.

币安推出了一种名为 BFUSD 的新稳定币，其年收益率 (APY) 为 19.55%。该稳定币旨在吸引正在寻找赚取被动收入方法的加密货币用户。

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.

根据币安网站显示的信息，BFUSD的总供应量上限为2000万枚，稳定币的抵押率为105.54%。正如币安所说，该计划允许用户无需质押或锁定资金即可获得奖励。

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 这样的稳定​​币是旨在保持稳定价值的加密货币，通常与美元等传统货币挂钩。它们通常用于在去中心化金融（DeFi）平台上进行交易、借贷或赚取利息。

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.

币安网站还提到，稳定币可以用作抵押品，抵押品比率为 100%，这可能使其成为某些用例的有吸引力的选择。然而，有关产量来源及其可持续性的更多细节尚未从现有信息中立即明确。

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

币安此前曾凭借其 BUSD 稳定币涉足稳定币领域，但该稳定币在 2023 年面临挑战。

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 发行并受纽约金融服务部监管，旨在维持与美元 1:1 的挂钩，储备完全以现金或美国国债支持。

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，由于包括 SEC 在内的美国当局的监管审查，Paxos 被勒令停止发行 BUSD，这表明 BUSD 可能被归类为未注册证券。

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.

这一监管干预导致 BUSD 市值下降，从 2023 年初的超过 160 亿美元跌至年底的不足 30 亿美元。

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.

新发行的停止也促使币安将重点转向其他稳定币，例如 USDT (USDT) 及其新推出的 BFUSD。尽管陷入困境，BUSD 仍继续在币安生态系统中作为 DeFi 的交易和抵押品发挥作用，尽管其未来仍不确定。