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Binance launched BFUSD, a reward-bearing margin asset, making it available for purchase by eligible users on its Futures platform at 02:00 UTC.

Binance initiated a promotional period from Nov 27 to Dec 26, waiving the 0.1% purchase and redemption fees for BFUSD and offering bonus APY.

Access to BFUSD was expanded via Binance's Simple Earn product, removing the requirement for users to have a Futures account to acquire and earn yield.

Binance began the process of phasing out support for using USDC in relation to BFUSD, signaling a shift in its underlying stablecoin dependencies.