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Binance has announced the launch of the Together Initiative, a $400 million support plan aimed at providing USDC compensation and institutional loan assistance to users affected by recent crypto market volatility.
According to Binance's official announcement titled "An Industry Recovery and Confidence Rebuilding Plan," the exchange presents its new initiative as a response to widespread market turbulence. The global crypto market has "experienced significant volatility," which has eroded user confidence. Binance acknowledges facing scrutiny from both within and outside the industry, emphasizing that users remain its top priority. The initiative is positioned as a measure to rebuild trust and supplements an earlier compensation scheme designed to help the industry collectively navigate the downturn.
The Together Initiative allocates $300 million in USDC to eligible users who incurred forced liquidation losses in Futures or Margin between October 10, 2025, and October 11, 2025. Qualifications include a minimum loss of $50, with losses representing at least 30% of their net assets based on an October 9, 2025 snapshot. Each qualifying user may receive between $4 and $6,000 in USDC, calculated based on their liquidation loss amount, loss ratio, and other factors determined by Binance. The company aims to begin distribution within 24 hours and complete it within 96 hours, depositing the USDC into eligible users' Spot Accounts while warning of potential delays due to workload.
