Binance to Pay Micron Stock Dividends to MUB Holders via bStocks
- —Snapshot for MUB dividend eligibility set for Oct. 14 at 08:00 (UTC+8)
- —Binance will suspend 1:1 MU-MUB conversion and MUB deposits, withdrawals and swaps from 07:30 on Oct. 14
- —Net dividends after taxes and fees are automatically reinvested in MU and paid out as MUB tokens
- —On-chain MUB holders will receive the payout via a multiplier adjustment
Why it matters: Tokenized equities on exchanges are starting to fully pass through dividends, expanding the use cases for bStocks.
Source: PANews