Binance Delists These Stablecoins!

world’s largest cryptocurrency holding the title of the stock exchange Binancemade an important statement for its users.

Binance announced a new stablecoin for users this evening. Leading cryptocurrency exchange TUSD, USDC and USDP has decided to cut its support for stablecoins. The reason for this move is that the stock market “increasing liquidity and capital efficiency for users” declared as.

TUSD, USDC and USDP stablecoins in Binance users’ wallets will be automatically converted to BUSD when the time comes.

TUSD, USDC and USDP Delisted!

With the discontinuation of support for TUSD, USDC and USDP stablecoins, many services related to these stablecoins on the Binance exchange will cease. In addition, many trading pairs on the exchange will be delisted.

According to the announcement, trading pairs with TUSD, USDC and USDP stablecoins (such as ADA/USDC, BNB/USDP, USDC/BUSD) will be delisted from the exchange as of September 29, 2022.

Delist transactions will not be limited to the spot market only. Exchange; Liquid Swap will also delist these stablecoins from services like Futures, Savings & Staking, and Binance Pay.

The conversion of TUSD, USDC and USDP stablecoins by the exchange will be provided as follows:

• TUSD, USDC and USDP stablecoins in users’ wallets will be automatically converted to BUSD by Binance exchange on September 29, 2022.
• If users do not want to convert their stablecoins into BUSD, they will be able to withdraw their delisted stablecoins from their exchange wallets as they wish.
• In addition, instead of automatic conversion, users will be able to manually convert their stablecoins into BUSD without waiting for September 29.