Binance Pool Expands USDC and FDUSD Payment Options for Cloud Mining - Blockchain.News

Binance Pool Expands USDC and FDUSD Payment Options for Cloud Mining

Darius Baruo May 27, 2024 02:32

Binance Pool now accepts USDC and FDUSD for cloud mining purchases.

Binance Pool Expands USDC and FDUSD Payment Options for Cloud Mining

Binance Pool has announced the inclusion of USDC and FDUSD as new payment methods for purchasing Cloud Mining products. This update, effective from May 27, 2024, enhances the accessibility and flexibility for users engaging in cloud mining activities.

According to Binance, this update allows users to leverage stablecoins such as USDC and FDUSD, providing a more stable and predictable payment option compared to traditional cryptocurrencies. The official announcement can be found here.

How to Purchase Cloud Mining Products

To purchase Cloud Mining products using the new payment methods, users can follow these steps:

  1. Open the Binance App and navigate to the homepage.
  2. Tap on [More] and then select [Cloud Mining] under the [Earn] section.
  3. Choose the desired Cloud Mining product and complete the purchase using USDC or FDUSD.

Terms and Conditions

For users to complete subscriptions to Cloud Mining products, they must have their accounts verified. Binance also reserves the right to amend or cancel any Pre Sale or Presale Rules at its sole discretion. Any discrepancies in translated versions of the original announcement should be cross-referenced with the English version for the most accurate information. More details can be accessed in the Terms and Conditions.

Industry Reactions and Future Prospects

The addition of USDC and FDUSD as payment methods is expected to attract more users to Binance Pool's cloud mining services. By offering stablecoins, Binance aims to reduce the volatility often associated with cryptocurrency transactions, making cloud mining more accessible to a broader audience.

Experts in the cryptocurrency industry view this move as a positive step towards mainstream adoption of digital assets. The stability provided by USDC and FDUSD could encourage more institutional investors to explore cloud mining as a viable investment opportunity.

For more information about Binance Pool and its new payment methods, visit the official Binance website.

Disclaimer: Digital asset prices are subject to high market risk and price volatility. 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. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and understand the risks. Consult an independent financial adviser prior to making any investment decisions. For more information, see Binance's Terms of Use and Risk Warning.

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