7% APR on $USDT โ but where does the 7% actually come from? ๐ง
Binance renewed its USDT Simple Earn Flexible offer today:
โข Up to 1,000 USDT โ 7% APR
โข Above 1,000 USDT โ approximately 3% APR
โข Flexible redemption
โข Campaign: Sept. 25 โ Oct. 8
But the 7% is actually two components:
**โ3% Real-Time APR
* 4% Bonus Tiered APR
= up to 7%**
And Binanceโs terms contain an important detail:
๐ Binance says both the real-time APR and additional tiered APR are funded by Binanceโs own funds.
๐ For Muslim investors, this is exactly why looking only at the word โAPRโ isnโt enough to reach a Shariah conclusion.
The next questions should be:
What contractual relationship is created when USDT is subscribed to Simple Earn?
What rights does Binance receive over the deposited assets?
Why is Binance paying the return?
Does the underlying arrangement constitute lending, investment, a promotional incentive, or another structure?
The source of the money and the contractual reason for receiving it are both relevant.
Iโm not declaring Binance Simple Earn halal or haram here.
๐ Donโt ask only โHow much does it pay?โ Ask โWhy am I being paid?โ
That is a much better starting point for Shariah research.
Would you like a full breakdown of how Binance Simple Earn Flexible actually works contractually?
#IslamicFinance #USDT #BinanceEarn #HalalCryptoGuide Educational only โ not financial advice or a fatwa.