PANews, August 11th - According to a Binance announcement, Binance Wealth Management has announced an upgrade to BFUSD. Users will be able to subscribe and redeem BFUSD through Binance Wealth Management without a contract account. Starting from August 14th, the subscription entry for BFUSD will be adjusted to capital-protected earning coins. After a successful subscription, assets will be displayed in the spot account and rewards will be automatically distributed daily. During the upgrade period (from August 13th, 13:00 to 22:00), subscription and redemption operations may be affected. BFUSD will no longer support subscription and redemption through contract accounts, and holders of spot accounts can transfer freely. BFUSD is a reward asset that can be exchanged for a stablecoin pegged to the US dollar, with rewards distributed daily, and an annualized yield generated from capital costs and staking income.
