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Binance Pool Expands USDC and FDUSD Payment Options for Cloud Mining
Binance Pool announced the inclusion of USDC and FDUSD as new payment methods for purchasing Cloud Mining products. This update, effective May 27, 2024, improves 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 than traditional cryptocurrencies. You can find the official announcement Here.
How to buy cloud mining products
To purchase Cloud Mining products using the new payment methods, users can follow these steps:
- Open the Binance app and go to the homepage.
- Touch [More] and then select [Cloud Mining] under the [Earn] section.
- Choose the desired Cloud Mining product and complete the purchase using USDC or FDUSD.
Terms and conditions
In order to complete Cloud Mining product subscriptions, users must verify their accounts. Binance also reserves the right to modify or cancel any Pre-Sale or Pre-Sale Rules at its sole discretion. Any discrepancies in the translated versions of the original advertisement should be compared to the English version to obtain more accurate information. More details can be accessed in Terms and conditions.
Sector 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 wider audience.
Experts in the cryptocurrency industry see 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 fall as well as rise and you may not get back the amount you invest. You are solely responsible for your investment decisions and Binance is not responsible for any losses you may incur. Past performance is not a reliable indicator of future performance. You should only invest in products that you are familiar with and understand the risks. Please consult an independent financial advisor before making any investment decisions. For more information, see Binance Terms of use AND Risk warning.
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