This is a general and marketing announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
To further enhance users’ experience, Binance Futures is excited to share the following new updates for BFUSD. These updates will be available on both Binance website and Binance app from 2025-01-22 (UTC).
In addition to USDT, users can now buy BFUSD with USDC. Users can also choose to redeem USDT or USDC from their BFUSD holdings. Please note that fees may apply for purchase and redemption transactions. For more information, please refer to this FAQ.
From 2025-01-23 (UTC), BFUSD daily rewards including Base and Boosted rewards will be routinely issued in USDC. This applies to all BFUSD rewards, regardless of whether the BFUSD was purchased with USDT or USDC.
In the event when there is insufficient supply or BFUSD, USDT, or USDC, users can now Pre-Buy BFUSD and/or Pre-Redeem USDT or USDC.
Pre-Buy: When there is not enough BFUSD for purchase, users can click on [Pre-Buy] on the BFUSD page and deposit USDT or USDC in advance to reserve BFUSD.
When BFUSD supply is replenished, users who have Pre-bought BFUSD will receive their BFUSD allocation.
Pre-Redeem: When there is not enough USDT or USDC available for redemption, users can click on [Pre-Redeem] and deposit BFUSD in advance to reserve USDT or USDC.
When USDT or USDC supply is replenished, users who have deposited BFUSD in advance will receive their USDT or USDC allocation.
For more information, please refer to this FAQ.
Users can now view additional data metrics on the BFUSD page. The following charts and data metrics have been added:
Protocol APY: A historical chart showing the Total APY from the Derivatives APY and Earn APY is added.
Solvency: New charts for Total BFUSD Supply Trend and System Collateralized Trend are added.
Transparency: A detailed summary on BFUSD’s Backing Notional including Holdings and Positions are added.
Refer to the FAQ for detailed information on the new data metrics added.
Step 1: Login to your Binance Account and go to [Futures] - [BFUSD].
Step 2: Click on [Buy] and enter the amount to purchase.
Step 3: Accept the terms and conditions, then click [Confirm] to complete the purchase.
Step 1: Go to [Futures], tap [...], and select [BFUSD].
Step 2: Tap [Buy] and enter the amount to purchase.
Introducing BFUSD: Binance’s Exclusive Reward-Bearing Margin Asset for Futures Traders
What Is BFUSD and How to Use It as Margin in Futures Trading
Thank you for your support!
Binance Team
2025-01-22
USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and EEA-Customer-Support@circle.com.
Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. Please disregard this activity if you are a user from the EEA. For more information, please click here.
Disclaimer: You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. The reward rates (including the Base Rate and the Boosted Rate) are calculated daily, and are expressed as an annualised percentage yield (APY) for illustrative purposes only. Each reward rate is not representative of the performance of BFUSD for any period other than the particular date specified and is not indicative of future results. The reward rates are likely to fluctuate day-to-day. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. BFUSD cannot be withdrawn or used for any purpose other than as margin in a Binance Futures Account. Redemption restrictions may apply, which may affect your ability to redeem BFUSD for a supported USD stablecoin. This material should not be construed as financial advice. For more information, see our Terms of Use, the BFUSD Terms and our Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.
