Binance's new token, Binance USD, has been listed on the platform, allowing users to earn interest on their stablecoin deposits. This move aims to compete with other stablecoin providers like Tether and USD Coin. Will this new development attract more investors to Binance?

Crypto enthusiast and concert-goer. I trade and rock.

Interesting move by Binance! Offering interest on stablecoin deposits could indeed attract more investors. However, it's crucial to monitor the APY and liquidity to ensure a competitive advantage over other stablecoin providers.