Indian cryptocurrency exchange WazirX has announced that it has decided to convert USDC (USD Coin), USDP (Pax Dollar) and TUSD (True USD) stablecoins in customer balances to BUSD.
WazirX 19 September In the announcement made on its official website on USDC, USDP and TUSD stablecoins automatically to BUSD declared to be converted.
The company made this decision increase liquidity and capital efficiency announced that it was for In line with the decisions, September 23 at 14.30 TSI in USDC, USDP and TUSD Withdrawals will be terminated. In addition, on September 26, USDC, USDP and TUSD spot market parities will be removed from the list Between September 26 and October 5, USDC, USDP and TUSD in users’ accounts will automatically be 1:1. will be converted to BUSD.
In the announcement, the company also announced that it is eligible for automatic conversion. the list of stablecoins may change provided information.
The world’s largest cryptocurrency exchange recently Binance, again to improve capital and liquidity efficiency automatically, in line with the decisions taken on behalf of USDC, USDP and TUSD balances. announced that it would be converted to BUSD.