Binance to Convert Three Stablecoins into Its Own BUSD
This means that from that day on, users’ balances and new deposits in USD Coin, Pax Dollar, and True USD will automatically be converted into Binance USD.
Binance will stop spot, future, and margin trading with the three above-mentioned stablecoins. However, users will still be able to withdraw their funds in USDC, USDP or TUSD. According to the statement, the move is aimed at enhancing liquidity and capital efficiency for Binance customers.