Iron-based metal-organic frameworks (Fe-MOFs) are regarded as a kind of prospective catalysts for photo-Fenton process. However, high cost, rate-limiting Fe(III)/Fe(II) circulation and limited metal sites greatly restricted the application of Fe-MOFs in photo-Fenton system. Ce-MIL-88B(Fe) was synthesized with mixed-valent bimetallic sites and tunable coordinated unsaturated metal sites (CUSs) using dielectric barrier discharge (DBD) plasma with waste PET. The incorporation of Ce altered the structure and the electron aggregation, as well as induced structural defects. Ce substitution in Fe-MOFs induced the regulation of the ratio of Fe ions and formation of electron-rich CUSs, which were beneficial for the rapid adsorption and activation of H2O2, thus enhancing the photo-Fenton performance. The effect of reaction conditions on TC degradation was investigated by response surface methodology (RSM) combined with Box-Behnken design (BBD). This study demonstrates a new perspective on the construction of bimetallic MOFs for the photo-Fenton system.