Quantcast

Binance ends BFUSD subscription and redemption support with USDC

Russia Is About to Try Using Crypto to Get Around Sanctions
Bitcoin as legal tender? Mixed results for Nayib Bukele, the president of El Salvador
Sony lance officiellement le testnet public de Soneium, son propre layer 2 basé sur Ethereum
France Charges Telegram's Pavel Durov, Sets Bail at €5 Million – Bitcoin News
Bitcoin Mining Is So Rough a Miner Adopted Michael Saylor's Successful BTC Strategy
From Richard Teng, Binance CEO: Tigran’s Deteriorating Condition After 6 Months of Unjust Detention
UK’s crypto dreams stall as registrations with financial regulator remain low
Concerns grow over Binance executive’s health during detention in Nigeria
Vitalik attacks DeFi and millions come out of’Ethereum
Telegram CEO's arrest tied to cybercrime investigation of unauthorized 'cryptology' services, say French authorities
‘My Living Nightmare’: Detained Binance Exec’s Wife Begs for His Immediate Release
Bitcoin, Binance, Ethereum, Solana, and Ripple: The Biggest Crypto News of the Past Week
Crypto: Ethereum ETFs are experiencing a record series of outflows!
Salvador: 80,000 civil servants trained in Bitcoin – A visionary initiative or a risky bet ?
The Fed is ready to cut interest rates — what that means for crypto
Binance Launches Mobile Money Feature for Crypto Transactions in Africa – Exchanges Bitcoin News
New Binance CEO Sees No Need for IPO as He Plots 100-Year Strategy for Crypto Exchange
Dubai: An employee paid in cryptocurrency – Everything you need to know about this first history in the UAE
Wrapped Bitcoin rivals eye $9bn market share after ownership drama
The Digital Chamber: Nigerian government's excessive fines could have 'a chilling effect on foreign direct investment'
TON Leads Crypto Majors as BTC, ETH Remain Flat
German Interior Ministry Predicts Bitcoin at $100,000 in 2024, Recommends Use of Hardware Wallet
Why economists say the CFTC is wrong about prediction markets
Cardano drops out of the top 10 cryptocurrencies by market cap ranking
Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon
Bchain Africa CEO on detention of Binance employee: 'Are we running a military system in Nigeria under the guise of democracy?'
Binance exec in Nigerian prison is ‘almost bedridden’
Swiss and Norwegian central banks reportedly hold 3,400 Bitcoins via MicroStrategy shares
Trump and Musk Avoid the Burning Topic of Cryptos During Their Interview
Why crypto investors are ‘asleep at the wheel’ amid improving macro conditions
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

Carlos Domingo, CEO of Securitize, said that the company is facilitating crypto investors' access to on-chain real-world asset information without the need for coding or blockchain explorers.

Oct 24, 2025

Changpeng Zhao, founder of Binance, commented on DeepSeek's reported success in artificial intelligence trading, highlighting potential market effects and the likelihood of increased research and activity.

Oct 24, 2025

Vitalik Buterin, co-founder of Ethereum, has said that Polygon and Sandeep Nailwal have significantly advanced the ecosystem.

Oct 24, 2025

Binance announced on its website that it has updated the annual percentage rate (APR) for USDe on Binance Earn, offering a 7% flexible rate for eligible users from October 22 to October 30 (UTC).

Oct 24, 2025

Julian Hosp, Founder of Cake DeFi, has expressed concerns about the speculative nature of Bitcoin and MicroStrategy's stock, suggesting they are vulnerable to sharp declines when market sentiment turns negative.

Oct 24, 2025

Binance has announced the launch of direct USD deposits and withdrawals in select regions through BPay Global, a provider licensed by the Central Bank of Bahrain.

Oct 24, 2025