Binance Announces: No plans to convert Tether (USDT) for now

The world’s largest cryptocurrency exchange Binance has announced that it has no plans to automatically convert Tether (USDT) to BUSD or close its trading.

Binance September 5 In the announcement made on its official website on Pax Dollar (USDP), TrueUSD (TUSD) and USD Coin (USDC) trading support of 3 stablecoins, including will stop explained. Binance, September 29 Users who do not remove the relevant coins from their Binance account until the date of 1:1 rate to BUSD He also stated that it will be turned over. On top of that, investors Tether’s stablecoin also USDT He wondered if the same end awaited.

In an interview with Cointelegraph, a Binance spokesperson said that the company is currently USDT to BUSD conversion plans not but your future plans can change stated. In addition, the move made in terms of investors liquidity and capital efficiency stated that it was carried out in line with the decisions to increase.

Binance CEO Changpeng Zhao about the topic September 6 In the post he made on his social media account on September 26 related coins after the date can deposit or withdraw however of liquidity reported that all of them will be collected in BUSD.

Also data and research firm from Nansen incoming according to dataAlthough Binance has just announced this move 2022 August in reserves since the middle of USDC gradually to BUSD is turning.

source site-9