Fellow Binancians,
Binance Futures will support FDUSD as a margin asset in the Multi-Assets Mode starting from 2024-03-08 09:00 (UTC), and discontinue support for USDP as a margin asset in the Multi-Assets Mode at 2024-03-14 06:00 (UTC).Â
In preparation for the aforementioned changes, the transfer-in limits for USDP in the Multi-Assets Mode has been updated to zero. After 2024-03-14 06:00 (UTC), any remaining USDP balances in USDâ-M Futures wallets will be automatically converted to USDT at a 1:1 ratio within approximately 24 hours. Please note that the conversion may not be reflected in usersâ Transaction History.
Please Note:
Users are strongly advised not to add any new futures positions during the conversion period for USDP to USDT to avoid any potential losses. Binance will not be liable for any losses for new positions during this period that may incur due to the conversion of funds.
The maximum transfer-in limits for FDUSD as a margin asset depend on usersâ VIP levels. Please refer to the Multi-Assets Info page for more details.
The haircut rates for FDUSD in an Auto-Exchange are set at 1%.Â
FDUSD margin balances are calculated according to the FDUSD price index in real time.
Binance reserves the right to amend maximum transfer-in limits and haircut rates depending on market conditions.Â
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
For More Information:
Thank you for your support!
Binance Team
2024-03-04
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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.
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