BFUSD Migration to Binance Wealth Management, Contract Account Subscription Function Closed

On August 11, it was reported that Binance announced that Binance Wealth Management will upgrade BFUSD, allowing users to subscribe and redeem BFUSD through Binance Wealth Management without needing a contract account. Starting from August 14, the BFUSD subscription entry will be adjusted to capital-protected earning coins, and assets will be displayed in the spot account after a successful subscription, with rewards automatically distributed daily. During the upgrade period (from August 13, 13:00 to 22:00), subscription and redemption operations may be affected. BFUSD will no longer support subscription and redemption through contract accounts; spot account holders can transfer freely. BFUSD is a reward asset that can be exchanged for US dollar stablecoins, with rewards distributed daily, and the annualized yield generated from funding costs and staking income. $BNB