BFUSD Migration to Binance Wealth Management, Contract Account Purchase Function Disabled

According to news from Hash World, Binance Wealth Management is upgrading BFUSD. Users can purchase and redeem BFUSD through Binance Wealth Management without a contract account. Starting from August 14, the purchasing channel for BFUSD will change to a principal-protected earning model. After a successful purchase, assets will be displayed in the spot account and will receive daily automatic rewards. During the upgrade period (from August 13, 13:00 to 22:00), purchase and redemption operations may be affected. BFUSD will no longer support purchasing and redeeming through contract accounts, and holders of spot accounts can freely transfer. BFUSD, as a redeemable dollar stablecoin reward asset, will have rewards distributed daily, with an annualized yield generated from fund costs and staking income.