Binance Launches BFUSD and Starts Zero-Fee Trading Event

According to reports, the Binance platform has announced the launch of BFUSD and opened the BFUSD/USDT spot trading pair, while also initiating a zero-fee trading event. BFUSD is an innovative reward-based asset introduced by Binance, which can be used to earn daily USD stablecoin rewards and supports being used as collateral in a multi-asset model. During the event, the relevant trading pairs will not count towards VIP level volume and liquidity provider programs, and will not enjoy BNB discounts or rebates. BFUSD currently does not support deposits and withdrawals, and trading eligibility is subject to regional restrictions.