PANews reported on April 9 that Binance is about to launch LDUSDT for its cryptocurrency futures trading platform users, which is its second "yielding non-stablecoin margin asset". A Binance spokesperson revealed that through LDUSDT, users can convert locked USDT in Binance's "Simple Earning Coins" USDT flexible product into margin assets for futures trading while continuing to earn passive income. The spokesperson explained: "Users first need to subscribe to the 'Simple Earning Coins' USDT flexible product to earn income in real-time annualized rate of return (APR). Because their USDT is locked, they cannot do anything else with the funds before redemption. Now, they can exchange the locked USDT for LDUSDT for futures trading and continue to earn the annualized rate of return." The spokesperson said that the current annualized rate of return is about 1.5% and is automatically updated every minute. The spokesperson added that the product name LDUSDT has no extended form and is expected to be launched "as soon as possible this month."

When asked how LDUSDT differs from BFUSD, the spokesperson said that LDUSDT eliminates the need for users to choose between passive income through Binance Earn and having liquid margin assets for futures trading - LDUSDT combines the two into one. In contrast, BFUSD involves buying and redeeming USDT or USDC to earn annualized yield (APY) rewards through delta hedging of long and short spot and futures positions, funding rate income, and staking rewards. The spokesperson said that like BFUSD, the annualized yield of LDUSDT will never be less than zero.