Binance Earn to Cease USDC Support for BFUSD Transactions

According to the announcement from Binance, the platform will discontinue support for BFUSD subscriptions and redemptions using USDC starting from 2025-08-25 08:00 (UTC). Users are advised to complete any necessary USDC transactions before this deadline. Despite this change, users can continue to utilize USDT for BFUSD operations. This adjustment is part of Binance's ongoing efforts to enhance service efficiency and product features. BFUSD is a unique offering within Binance Earn, not based on blockchain technology, and cannot be transferred outside the Binance platform. Users interested in subscribing to BFUSD can do so via the Binance website or app. On the website, users should navigate to the 'Earn' section, select 'Simple Earn', and then choose 'BFUSD'. After indicating the desired purchase amount and accepting the terms and conditions, users can confirm the transaction. Similarly, on the Binance app, users can access the 'Earn' homepage, select 'BFUSD', and proceed with the purchase. Binance emphasizes that BFUSD transactions are subject to redemption restrictions, which may impact the ability to redeem BFUSD for a supported USD stablecoin. Users can monitor daily rewards through the 'Orders' section under 'Earn History'. Binance reserves the right to amend or cancel this announcement at any time without prior notice. Users are reminded that investment decisions are their sole responsibility, and Binance is not liable for any losses incurred. The annual percentage yield (APR) is illustrative and may fluctuate daily, without guaranteeing future performance. For further details, users are encouraged to review Binance's Terms of Use and Risk Warning.