Binance Loans (Flexible Rate) Will Close All BUSD Loan and Collateral Positions at 2023-10-25

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance Loans (Flexible Rate) will close all outstanding BUSD loan and collateral positions at 2023-10-25 08:00 (UTC). Users are advised to repay any impacted loans by 2023-10-25 07:59 (UTC) to avoid potential losses.

Note:

• For more information, please refer to the Binance Loans (Flexible Rate) FAQ and Terms and Conditions.

• Binance Loans (Flexible Rate) will continue to support other stablecoins (e.g., FDUSD, USDT, TUSD, USDC, DAI) as loanable and collateral assets. Refer to Loan Data for the latest interest rates and a complete list of loanable and collateral assets.

• Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Thanks for your support!

Binance Team

2023-10-03