Binance News
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Binance launches $300 million user seed program and $100 million institutional support program
According to an official announcement from Binance, the global cryptocurrency market has recently experienced drastic fluctuations, and Binance has announced the launch of the 'Together Program' to help users and the industry get through difficulties. This program consists of two parts:
1. $300 million user seed program: Binance will issue USDC cash vouchers worth a total of $300 million to some affected users, with amounts ranging from 4 USDC to 6,000 USDC. Beneficiary users must meet specific conditions, including having a forced liquidation and a loss amount ≥ 50 USDC during the period from October 10, 2025, 08:00 to October 12, 2025, 07:59 (UTC+8).
2. $100 million institutional support program: Binance will establish a $100 million special low-interest borrowing fund to help institutional users affected in this market restart operations. Eligible VIP and institutional users can submit applications through dedicated account managers. Binance promises to allocate resources to the areas that need protection the most, taking concrete actions to help the industry get back on track.
1. $300 million user seed program: Binance will issue USDC cash vouchers worth a total of $300 million to some affected users, with amounts ranging from 4 USDC to 6,000 USDC. Beneficiary users must meet specific conditions, including having a forced liquidation and a loss amount ≥ 50 USDC during the period from October 10, 2025, 08:00 to October 12, 2025, 07:59 (UTC+8).
2. $100 million institutional support program: Binance will establish a $100 million special low-interest borrowing fund to help institutional users affected in this market restart operations. Eligible VIP and institutional users can submit applications through dedicated account managers. Binance promises to allocate resources to the areas that need protection the most, taking concrete actions to help the industry get back on track.
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