ChainCatcher message, Binance announces the launch of a new yield-bearing margin asset LDUSDT. Users can now exchange their USDT principal-protected earning product assets for LDUSDT and use it as margin for U-based contracts, while still earning real-time annual percentage rate (APR) rewards.

ChainCatcher news, according to The Block, Binance will launch its second "yield-bearing non-stablecoin margin asset" LDUSDT for users on its cryptocurrency futures trading platform.According to reports, users can convert their locked USDT in Binance's Simple Earn Flexible product into LDUSDT, allowing them to continue earning passive income while trading futures. The current annualized yield is approximately 1.5%, and it updates automatically every minute. This product is expected to go live within this month. LDUSDT is the second yield-bearing margin asset following the launch of BFUSD last November.Binance's Vice President of Product Jeff Li stated that LDUSDT enhances users' capital efficiency, allowing their assets to serve as both yield-bearing and liquidity trading margin assets while maintaining the flexibility of capital redeployment.

ChainCatcher news, according to The Block, Binance is about to launch its second "yield-generating non-stablecoin margin asset" LDUSDT for futures trading users.According to a Binance spokesperson, with LDUSDT, users can convert the locked USDT in the Simple Earn USDT flexible investment product into margin assets for futures trading while continuing to earn passive income. The spokesperson stated that the current annualized yield is approximately 1.5%, updated automatically every minute. LDUSDT (the product name has no extended form) is expected to "go live as soon as possible this month."The spokesperson further explained that LDUSDT adopts the same real-time annualized yield as the Simple Earn USDT flexible investment product. The yield of Binance's earning products has never been negative (below zero), and LDUSDT will also not provide negative yields.

ChainCatcher news, according to Lookonchain monitoring, since the FDUSD decoupling, Wintermute has transferred 75 million FDUSD to First Digital Labs.Lookonchain states that Wintermute likely purchased FDUSD at a discounted price during the decoupling and exchanged it 1:1 through First Digital, making a profit from it.

ChainCatcher message, FDUSD issuer First Digital stated: "The market price of FDUSD shows signs of stabilization, with the latest data indicating it is gradually returning to the 1 dollar peg. As of the latest update, the trading price of FDUSD is approximately 0.99 dollars."

ChainCatcher news, according to First Digital officials, in response to recent market FUD, FDUSD has completed the first batch of redemption requests, which can be viewed on-chain with the corresponding burn transactions.The officials reiterated that FDUSD still maintains a 1:1 full backing, the redemption channel is running smoothly, and all redemption requests will continue to be processed promptly.

ChainCatcher news, according to data from the FDUSD issuer's official website, the current total circulation of FDUSD is approximately 2.449 billion, mainly circulating on Ethereum, with a circulation of 2.072 billion.In addition, FDUSD is also circulating on Solana, BSC, and Sui networks.

ChainCatcher news, according to PeckShieldAlert monitoring, First Digital Labs has destroyed a total of 87 million FDUSD in the past 24 hours. About 49 million FDUSD were destroyed after being transferred from addresses associated with Wintermute to First Digital Labs. In addition, First Digital Labs also sent approximately 53 million FDUSD to an address.

ChainCatcher message, Binance officials stated that according to the recently completed audit, the stablecoin FDUSD has achieved 1:1 reserve backing. This means that each FDUSD is backed by an equivalent amount of dollar assets.

ChainCatcher message, He Yi posted on platform X stating: "We are in contact with FDUSD, looking for people in the middle of the night, the announcement should also be made by FDUSD. Based on our judgment, we will audit FDUSD, but we also do not understand the details of their legal disputes."

ChainCatcher message, Binance co-founder He Yi posted: "No one knows that Sun Yuchen will tweet in the middle of the night, but Binance pushed the stablecoin for Launchpool and will regularly check the funds. Binance has its own risk control. Binance post-listing is also looking for FDUSD, trying to understand the situation; we are just making judgments based on logic. There is no large holder group, nor insider group. Many people are asking if the FDUSD in Binance Launchpool will have issues. Sisi (Binance market personnel) casually replied to my judgment in a certain group; my judgment does not represent the FDUSD company."

ChainCatcher message, Binance co-founder He Yi stated: "No one knows that Sun Yuchen will tweet in the middle of the night, but Binance pushed the stablecoin for Launchpool and will regularly check the funds. Binance has its own risk control. Binance post-listing is also looking for fdusd, trying to understand the situation; we are just making judgments based on logic. There is no large holder group, nor insider group. Many people are asking whether Binance Launchpool's FDUSD will have issues. Sisi (Binance customer service) casually replied to my judgment in a certain group; my judgment does not represent the FDUSD company."

ChainCatcher message shows that in the past hour (23:30-00:30), the trading volume of the FDUSD/USDT trading pair on the Binance platform reached 770 million, with a transaction amount of 745 million dollars.

ChainCatcher news, the official publisher of FDUSD, First Digital Trust (FDT), stated on social media that the recent accusations by Justin Sun against First Digital Trust are completely false. This dispute only involves TUSD and is unrelated to FDUSD. First Digital is fully solvent.The official statement claims that every dollar of FDUSD reserves is fully backed by U.S. Treasury bonds, which are safe, reliable, and fully traceable. The ISIN numbers of all reserve Treasury bonds have been clearly listed in the published verification report. This is merely a typical smear campaign by Justin Sun against a business competitor. Justin Sun initiated a coordinated attack on social media before the TUSD dispute entered judicial proceedings, attempting to undermine the business competitor FDUSD. First Digital will take legal measures to protect its rights and reputation.First Digital Trust will hold an AMA live stream on the X platform at 4 PM Hong Kong time on April 3, 2025 (Thursday) to explain this incident.

ChainCatcher message, according to monitoring by Cocoahomology, Wintermute holds 65 million USD FDUSD and has sent a test exchange of 1000 USD.

ChainCatcher message, Binance co-founder He Yi stated on social media: "Sun Yuchen is suing TUSD, not FDUSD."

ChainCatcher news, according to Arkham monitoring, Wintermute is the largest holder of FDUSD after Binance, currently holding approximately 65.46 million tokens, accounting for about 2.5% of the total circulation.