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.

Image
source:
Shutterstock

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