Binance launches a $400 million industry recovery and confidence rebuilding plan, the Together Initiative

ChainCatcher news, Binance announced the launch of a $400 million industry recovery and confidence rebuilding plan called the Together Initiative, which includes:

1. $300 million USDC

Binance will distribute USDC worth $4,000 to $6,000 to qualified users who meet all of the following criteria, totaling $300 million in USDC:

• Users who experienced forced liquidation losses in futures and margin trading between October 10, 2025, 00:00 and October 11, 2025, 23:59 (UTC)

• Total liquidation loss amount: at least $50 equivalent

• Total forced liquidation loss must account for at least 30% of the user's net asset snapshot as of October 9, 2025, 23:59 (UTC) (loss rate)

The amount of USDC will be determined based on various factors, including each user's liquidation loss amount and loss rate.

Binance plans to start distributing USDC within 24 hours and aims to deliver USDC to eligible users' reward centers within 96 hours. Please pay attention to notifications on the App and via email. Due to the large workload, there may be delays in the distribution process. Thank you for your understanding and patience.

2. $100 million institutional support program

For ecosystem users and institutional users severely affected by this market volatility, Binance will establish a $100 million low-interest loan fund to help them restart trading. We hope this initiative will inject momentum into the recovery of ecosystem participants, alleviate liquidity pressure, and maintain the stable operation of ecosystem partners. Eligible VIP users and institutional users can submit applications through their dedicated account managers. We will respond quickly and maintain strict confidentiality.