Binance to Distribute Micron (MU) Cash Dividend to MUB bStocks Holders and Suspend Conversions and Transfers

According to the announcement from Binance, the exchange will support the Micron (MU) cash dividend distribution via bStocks for users holding MUB. Binance said the net cash dividend amount will be reinvested, after applicable withholding taxes, fees, costs, and other deductions, into additional units or fractions of the same underlying security. Eligible users will receive dividends in the form of MUB bStocks, while on-chain holders of MUB will receive the bStock dividends through a multiplier adjustment. Binance added that general trading of MUB/USDT will not be affected. Dividends earned from assets held in other accounts will be credited to users’ Spot accounts, including holdings in accounts such as Savings and Margin. Binance said it will handle the technical requirements for users involved in the event. Eligibility and Schedule Binance said users with MUB holdings on the record date snapshot at 2026-07-06 00:00 (UTC) will be eligible for the dividend distribution. The exchange will suspend the Token Conversion service for 1:1 swaps between MU stock and MUB bStocks at 2026-07-02 23:45 (UTC). Binance will also suspend deposits and withdrawals of MUB tokens at 2026-07-05 23:45 (UTC), and Binance Convert will pause the conversion of MUB and all associated pairs at the same time. Binance said deposits, withdrawals, and Token Conversion service for MUB will resume when the distribution is completed, and no further announcement will be posted.