Binance Futures Will Support FDUSD and Discontinue Support for USDP in Multi-Assets Mode

2024-03-04 14:55:00BinanceShare to:

Fellow Binancians,
Binance Futures will support FDUSD as a margin asset in the Multi-Assets Mode
starting from2024-03-08 09:00 (UTC), and discontinue support for USDP as a
margin asset in the Multi-Assets Mode at2024-03-14 06:00 (UTC).
In preparation for the aforementioned changes, the transfer-in limits for USDP
in the Multi-Assets Mode has been updated to zero. After 2024-03-14 06:00 (UTC)
, any remaining USDP balances in USDⓈ-M Futures wallets will be automatically
converted toUSDT at a 1:1 ratio within approximately 24 hours. Please note that
the conversion may not be reflected in users’ Transaction History.
Please Note:
Users are strongly advised not to add any new futures positions during the
conversion period for USDP to USDT to avoid any potential losses. Binance will
not be liable for any losses for new positions during this period that may
incur due to the conversion of funds.
The maximum transfer-in limits for FDUSD as a margin asset depend on users’
VIP levels. Please refer to theMulti-Assets Info
page for more details.
The haircut rates for FDUSD in an Auto-Exchange
are set at 1%.
FDUSD margin balances are calculated according to the FDUSD price index in
real time.
Binance reserves the right to amend maximum transfer-in limits and haircut
rates depending on market conditions.
There may be discrepancies in the translated version of this original article
in English. Please reference this original version for the latest or most
accurate information where any discrepancies may arise.
For More Information:
What Is Multi-Assets Mode
How Does Auto-Exchange Work in Multi-Assets Mode
Frequently Asked Questions on Multi-Assets Mode
Thank you for your support!
Binance Team
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Binance reserves the right in its sole discretion to amend or cancel this
announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. The value of your investment
may go down or up and you may not get back the amount invested. You are solely
responsible for your investment decisions and Binance is not liable for any
losses you may incur. Futures trading, in particular, is subject to high market
risk and price volatility. You may be called upon at short notice to make
additional margin deposits or interest payments. If the required margin
deposits or interest payments are not made within the prescribed time, your
collateral may be liquidated without your consent. Moreover, you will remain
liable for any resulting deficit in your account and interest charged on your
account. All of your margin balance may be liquidated in the event of adverse
price movement. Past performance is not a reliable predictor of future
performance. Before trading, you should make an independent assessment of the
appropriateness of the transaction in light of your own objectives and
circumstances, including the risks and potential benefits. Consult your own
advisers, where appropriate. This information should not be construed as
financial or investment advice. To learn more about how to protect yourself,
visit ourResponsible Trading page
. For more information,
see ourTerms of Use and Risk Warning

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