CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Ethereum World News 2023-08-31 10:35:59

Binance To Phase Out BUSD By 2024

Binance encouraged eligible users to convert their BUSD assets to other stablecoins before February 2024. The exchange added that Binance-Peg BUSD token withdrawals via BNB Chain, Avalanche, Polygon, and Tron networks will cease in September. Deposits on these networks including Ethereum will continue until further notice. After an SEC crackdown, the company previously swapped $1 billion BUSD from its SAFU fund into USDT and TUSD. Users with BUSD balances on Binance were advised to convert their holdings for other supported

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.