Binance Adds USDC to Locked Savings

2020-08-13 08:42

Fellow Binancians,

Binance Savings will add USDC to the Customizable Locked Savings product at 2020/08/13 12:00 PM (UTC), where 7-day/14-day/30-day/90-day products will be made available.

Saving Product Details (Subscribe now)：

Digital Assets	Term to Maturity	Total Subscription Cap	Annualized Interest Rate	Lot Size	Interest Per Lot at Maturity
USDC	7 days	2,000,000,000 USDC	7.2%	100	0.1380 USDC
USDC	14 days	2,000,000,000 USDC	7.4%	100	0.2838 USDC
USDC	30 days	2,000,000,000 USDC	7.6%	100	0.6246 USDC
USDC	90 days	2,000,000,000 USDC	8%	100	1.9715 USDC

Note：

Amounts subscribed to Binance Savings products will not be able to receive corresponding staking rewards.
Subscriptions will close on a certain product once the maximum limit is reached.
Binance Savings will make adjustments to the types of supported assets, interest rates, individual limits and total subscription limits based on market conditions and our internal risk management.
For further information, please refer to How to use Binance Locked Savings Products.

Thanks for your support!

Binance Team

2020/08/13

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