BingX Launches BXUSD Yield Certificate for USDT-Margined Futures
Photo: TokenPost
BingX has launched BXUSD, a yield certificate supported by the exchange’s investment in a U.S. money market fund managed by Franklin Templeton; eligible users can use BXUSD as margin for USDT-margined futures. Eligible users receive daily distributions in BXUSD. The annual percentage yield (APY) is variable and updated each day, so the rate may change while a user holds the certificate. BXUSD can be used only within BingX. Subscriptions start at 0.1 Tether (USDT) and carry no subscription fee. For each 1 USDT subscribed, BingX immediately deposits 1 BXUSD into the user’s spot account. Distributions are paid separately in BXUSD.
Source: TokenPost
