Binance Sets Final 500 Million USDT Quota For Plasma Yield Product
Synopsis
The exchange said individual subscriptions will be capped at 10,000 USDT per user, down from earlier thresholds.
Binance announced on Tuesday that it will open the last round of subscriptions for its Plasma USDT Locked Product, setting a total limit of 500 million USDT after the first two batches were filled within minutes.
The new batch, launching on August 26 at 7:00 a.m. ET, will mark the final expansion of the offering under Binance’s On-Chain Yields program. The exchange said individual subscriptions will be capped at 10,000 USDT per user, down from earlier thresholds.
Existing positions from earlier batches remain unaffected. Rewards in USDT and XPL will continue as before, though XPL yields may fluctuate with total allocations, the exchange said. Subscriptions will be available on a first-come, first-served basis.
Get updates to this developing story <directly on Stocktwits.<
Read also: Netflix Surprises At Box Office As KPop Demon Hunters Reportedly Beats A24’s Weapons
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.