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Binance on BFUSD: Not a Stablecoin, High-Yield Concerns Addressed
- Binance clarifies that BFUSD is a reward-bearing margin asset, not a stablecoin.
- Many compared BFUSD to the collapse of TerraUSD (UST), raising concerns.
- BFUSD is designed for futures trading and offers rewards based on users' positions.
- Doubts persist about how the promised 19.55% yield will be delivered.
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