Please note, as of 09/29, some Binance users' stablecoins will be automatically converted to the platform's native currency, BUSD.
The innovation concerns:
- Already existing balances, which include USDC, USDP, TUSD, which will be exchanged for BUSD 1:1 without the consent of users.
- New deposits that will be automatically converted to BUSD when transferred to the exchange.
- All spot currency pairs with these assets, futures, margin trading, staking, Liquid Swap, crypto loans, Binance Pay and gift cards.
As for the withdrawal, it will be possible to withdraw assets in USDC, USDP, TUSD from the balance in BUSD.
The named cryptocurrencies are not a definitive list. At any time, it can be replenished at the discretion of the Binance management.
The reason why this is done is simple. The exchange is trying to activate trading in currency pairs with its own token.
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