Quantcast

Binance ends BFUSD subscription and redemption support with USDC

Goldman Sachs anticipates surge in security token trading
The French Red Cross launches its first NFT donation collection with TheSandbox
According to JPMorgan, Ether will outperform Bitcoin and other cryptocurrencies in 2024
Obligate launches tokenized structured products for institutional investors
Bitstamp and Flowdesk 1st step for the EURCV stablecoin
The Blockchain Group: receivership raises a number of questions
Google softens its policy on crypto advertisements, in view of the Bitcoin spot ETF?
ELIZABETH WARREN RECRUITS 5 SENATORS FOR HER ANTI-CRYPTO BILL
CHINA: BLOCKCHAIN USED TO VERIFY THE IDENTITY OF CITIZENS
Inflation, yield: are the French increasingly tempted by cryptos?
A Spot Bitcoin ETF Is Easy. What Comes Next Could Get Dangerous.
Binance aux USA : la plateforme crypto n'aura plus de petits secrets
This $500 million investment fund is interested in Chainalysis and Animoca Brands
Crackdown-Hit Crypto Industry Sets Sights on Abu Dhabi
Crypto Altcoins Are Outperforming With Bitcoin ‘Gravitating’ Toward $50,000
ECB Gets New Powers From EU Over Climate, Crypto Bank Risks
SEC Says Its Binance Case Should Advance Despite DOJ Settlement
Binance CEO: 'We need everyone to play by the same standards'
Robinhood Launches Crypto Trading in EU
Le Crypto Daily : La SEC incapable de trancher sur les ETF crypto
Binance CEO: After DOJ settlement, 'new partners are now approaching us'
Binance Withdraws Unnecessary Abu Dhabi License Application
Cours gratuits de Binance en France : éducation ou marketing illégal ? - Coins.fr
Les utilisateurs du Coinbase Wallet peuvent désormais s’envoyer de l’argent via des liens WhatsApp, TikTok et Instagram
Le géant IBM dévoile une nouvelle technologie pour les cold wallets de cryptomonnaies
Bitcoin dépasse Tesla et Berkshire Hathaway pour se hisser dans le top 10 des actifs du monde entier
Lobby aux USA : les entreprises crypto ont cassé la tirelire en 2023
Coinbase : ce que dit le rapport de “transparence” de la plateforme
Taxpayers in Swiss City Can Settle Bills With Bitcoin, Tether
Société Générale to become first big bank to list a stablecoin
Binance ends BFUSD subscription and redemption support with USDC
Web3/Crypto
Webp changpeng zhao 7
Changpeng Zhao, Founder for Binance | X

Binance has announced in a press release that it will cease supporting BFUSD subscription and redemption with USD Coin (USDC) but will continue to support these operations with Tether (USDT).

BFUSD is a yield-bearing product offered within Binance Earn, allowing users to subscribe or redeem stable-value holdings and collect daily rewards. According to Binance's official announcement, BFUSD is not a blockchain-based token and therefore cannot be transferred outside of the Binance platform. The company explained that by discontinuing USDC support, it aims to streamline the product’s operations and focus solely on USDT, which remains the most liquid and widely used stablecoin across Binance Earn products.

The adjustment takes effect on August 25, 2025, at 08:00 UTC. At this point, users will no longer be able to subscribe to or redeem BFUSD using USDC. According to Binance’s release, customers who intend to use USDC for these operations must complete their transactions before this deadline to avoid service disruptions. After that point, only USDT will be available for all BFUSD subscription and redemption activity, ensuring continuity through a single supported stablecoin.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Despite the removal of USDC support, all other BFUSD features remain unchanged. Users can still view their daily rewards via the Earn History section and redeem assets at any time using USDT. The company also clarified that rewards are accrued daily and that early redemption in USDT does not affect rewards already accumulated.

Binance is the world’s largest cryptocurrency exchange by trading volume, offering an extensive ecosystem of financial products ranging from spot and derivatives trading to staking, lending, and custody solutions. According to CoinMarketCap data, Binance handles more than $200 billion in daily trading volume and serves over 280 million users worldwide across more than 180 jurisdictions. This scale enables Binance to continually adjust product offerings like BFUSD to align with global liquidity needs and operational efficiency.

Organizations Included in this History
More News

Raoul Pal, CEO of Real Vision, said that cryptocurrency gains depend on liquidity, with a government shutdown and the Treasury General Account (TGA) delaying conditions for a breakout.

Nov 3, 2025

Changpeng "CZ" Zhao, founder of Binance, said that Kyrgyzstan presents significant potential for cryptocurrency growth and encouraged other firms in the industry to consider investing and operating there.

Nov 3, 2025

Julian Hosp, founder of Cake DeFi, said that Bitcoin has evolved into a speculative gamble, with stronger returns emerging in artificial intelligence (AI), energy, and broader technology sectors.

Nov 3, 2025

Binance announced on its website that it upgraded its USDⓈ-M Futures Liquidity Provider Program on November 3, 2025.

Nov 3, 2025

Carlos Domingo, CEO of Securitize, has expressed confidence in blockchain technology's potential to transform asset management.

Nov 3, 2025

Binance announced on its website that it will update collateral and Tiered Collateral Ratios for PM Pro (Portfolio Margin) on November 4 and November 7, 2025.

Nov 3, 2025