Sirwin
Sirwin

Binance: The End of BUSD

By Gouzgou_Maitre | Gouzgou View | 12 Sep 2023


Hello there,how are you??

In this small article,I want to share with you an announcement from Binance that I noticed these days and may will find it helpful!!

 

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Ends on 27.09.2023

 

 

Binance has announced that it will end support for BUSD stablecoin.

The move comes after Paxos was ordered to stop minting the coin.

Binance will continue to support multiple stablecoins and digital assets on its platform. Users are encouraged to convert their BUSD assets into other available assets on Binance prior to February 2024.

Users can manually convert their BUSD balances to FDUSD at a 1:1 ratio using Binance Convert until further notice. Please note that the 1:1 conversion rate is only applicable for converting BUSD to FDUSD, and not the other way around.

 

The article : https://www.binance.com/en/support/announcement/binance-encourages-users-to-convert-busd-to-other-stablecoins-prior-to-february-2024-d392843e81fd4bc3a5f7e219aa01f34d

 

Check the article and you can find more details and the exact days for Spot and Margin,deposits and withdrawals,earn,loans etc..

The article of the announcement was published at 2023-08-31..

 

 

In my case,I have already converted all my BUSD..Make your research and choose in what stablecoin you will convert them..You have plenty of options like the famous USDC,USDT..Also FDUSD,TUSD and more..

Check here,it may help you!! https://www.binance.com/en/altcoins/stablecoin

 

If you haven't an account yet,this my link : https://accounts.binance.info/register?ref=131535266

 

 

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Do your own research!! I am not a financial advisor!! It's only my opinion!

DYOR!!

 

Thanks for reading!!

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Gouzgou_Maitre
Gouzgou_Maitre

Crypto and Sports!!!


Gouzgou View
Gouzgou View

Crypto and Sports!!!

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