BFUSD

2023-11-21

Binance Holdings Limited pleaded guilty to federal criminal charges in the U.S., agreeing to pay over $4.3 billion in penalties for AML, BSA, and IEEPA violations. CEO Changpeng Zhao resigned and pleaded guilty personally.

2024-02-23

A U.S. federal judge approved Binance's $4.3 billion criminal settlement for AML and sanctions violations.

2024-11-17

Binance publicly announced BFUSD, describing it as a reward-bearing margin asset for futures traders. Community reaction included immediate comparisons to TerraUSD's ill-fated 20% Anchor Protocol yield.

2024-11-27

BFUSD became available for purchase on Binance at 02:00 UTC, with an initial advertised base APY and boosted APY calculated from back-tested data spanning November 20-25, 2024.

2025-01-23

Binance expanded BFUSD features to include USDC support for purchases and redemptions, Pre-Buy/Pre-Redeem functions, and enhanced transparency metrics including Protocol APY breakdown and solvency charts. Circulation stood at approximately 760 million BFUSD.

2025-05-01

The SEC voluntarily dismissed its civil action against Binance alleging operation of unregistered securities exchanges.

2025-08-01

BFUSD system collateralization ratio was reported at approximately 100.86%, with the indicative APR having declined to approximately 3% from the initial ~20% range, reflecting normalized crypto funding rates.

2026-01-09

Binance began applying standard trading fees to BFUSD pair trades, ending prior promotional fee waivers.

2026-02-24

BFUSD's self-reported market capitalization reached a peak of approximately $1.82 billion.

2026-06-28

BFUSD's self-reported market capitalization was approximately $1.27 billion, down from the February peak.