Cryptocurrency exchange Binance will automatically convert USDC, USDP and TUSD tokens in customers’ balances to BUSD on September 29.
According to the statement made by Binance today, stablecoins in USDC, USDP and TUSD that customers already have in their accounts or that they will deposit in the stock market in the coming days will be available on September 29 at 06:00 Turkey time. automatically to BUSD will be translated.
The conversion between these stablecoins, 1:1 ratio will happen. Binance customers still want to withdraw money from their account. Request a withdrawal with USDC, USDP or TUSD they can be found.
This decision by Binance means that USDC, USDP and TUSD stablecoins are now active on the exchange. to trade means it cannot be used for The exchange has opened trading pairs for these three stablecoins. closed at the end of this month will be.
USDC is the market leader after USDT with a market cap of $52 billion. largest stablecoin is positioned. Binance’s own stablecoin, BUSD, is on this list. third place is located.
According to Binance’s statement, this decision, which will be implemented from September 29, “improving liquidity and capital efficiency” taken for.