Quantcast

Binance ends BFUSD subscription and redemption support with USDC

Will Europe ban Bitcoin mining?
How to mine without hardware in 2024?
Bitcoin integrates the top 10 of the largest global assets by 2024
Cryptocurrencies: Bitget’s Growth Breaks New Record
Super Bowl: cryptocurrencies will be absent from advertisements once again – Kraken gives its opinion
Binance Remains the Undisputed Leader in the Crypto Sector
Binance to offer a minimum of $10,000 to anyone who reports corrupt employees
France will “escape the dark scenario” of recession, according to the Banque de France
Here’s How Much Bitcoin, XRP Binance Holds for Users in 2024
Binance Complies With Regulators and Delists Monero (XMR)
“Bitcoin Spot ETFs, a huge opportunity for Flowdesk” according to Denis Barrier, co-founder of Cathay Innovation
Cryptocurrencies are stabilizing, what to expect for February? Crypto analysis
January saw Bitcoin's highest monthly volume since September 2022
One of Germany's Biggest Banks Could Soon Launch Its Own Crypto Exchange
France: Insurers partner with Doors3 to train in web3
Big tech killed the internet — blockchain can help revive it
Giant Binance launches its platform for registration tokens
Bankrupt crypto exchange FTX abandons idea of ​​restarting
Coinbase hires former UK chancellor as adviser amidst increasing regulatory scrutiny
Binance: after its hefty fine of $4 billion, the exchange is rebounding!
Two months after Changpeng Zhao's departure, Binance on its way to a new hegemony?
Crypto cybercrime in France: what tools to fight?
Crypto: Despite gloomy forecasts, Europe shows high optimism rate
Web3 Distributed AI Training Network PublicAI Raises $2M in Seed Funding Round
CryptoXR: the French web3 event that rocked Auxerre
Meria launches its mobile application to facilitate crypto investment
Bitcoin's recent uptick correlates with reduced open interest in options, analyst points
Crypto funds saw $500 million in outflows last week as GBTC impact subsides
UK looks increasingly isolated in its anti-crypto ETF stance
Robot trading: The best trading bots (2024)
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