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Binance Shifts Gears: Phases Out BUSD Support, Introduces New Alternative Stablecoin

Binance has set forth a plan to gradually discontinue BUSD stablecoin support across its platforms. The exchange has asked users who have been relying on BUSD for trading to convert their holdings into alternative assets by February of the upcoming year. However, Binance stated that BUSD will always maintain a 1:1 peg with the stablecoin.As a more immediate change, Binance has scheduled the delisting of BUSD as a loanable asset, set to take effect on September 6. Moreover, withdrawals of Binan...
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Content Topics
Binance
Shifts
Gears
Phases
Busd
Support
Introduces
Gears
Support
Alternative
Stablecoin
Forex
Posted: Aug 31 2023, 11:01
Author Name: financemagnates
Views: 070289