Binance has announced the listing of its Binance USD (BFUSD) stablecoin on its main trading platform. Effective immediately, BFUSD is available for spot trading against various trading pairs.
The exchange further enhances BFUSD’s launch by introducing a zero trading fee promotion specifically for BFUSD pairs. This initiative aims to incentivize market adoption and activity by significantly reducing transaction costs associated with BFUSD trades.
BFUSD operates as a fiat-collateralized stablecoin issued by Binance, designed to maintain a peg to the US dollar. Users can immediately begin trading BFUSD pairs on Binance with the benefit of no fees charged on these transactions.