PANews reported on November 19 that according to The Block , Binance released BFUSD on Monday, calling it a "profitable margin asset for futures trading" that offers an annualized rate of return (APY) of 19.55% and can be used as collateral. Binance clarified that although the bottom of the webpage mentioned that BFUSD's rate of return is higher than many stablecoins, BFUSD is not a stablecoin and has not yet been officially launched. The asset allows users to use it as collateral without staking or locking funds, and to earn income through daily airdrops, with user holdings limited according to VIP levels. Binance plans to further explain how BFUSD's APY is determined. The launch of BFUSD has triggered comparisons with TerraLUNA, although Binance has stopped supporting its stablecoin BUSD in February 2024 due to regulatory pressure, and recommends that users switch to First Digital USD (FDUSD).