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Cryptocurrency exchange Binance has just introduced BFUSD, a new stablecoin with an expected yield of up to 19.55%/year. However, Binance said that BFUSD has not yet been officially deployed on the blockchain.

Unlike traditional stablecoins, BFUSD is designed as a yield-earning asset, pegged to the US dollar. Binance has pledged to provide specific information on how this impressive yield is achieved soon.

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