Binance Encourages Users to Exchange BUSD for Other Stablecoins Before February 2024

in binance •  last year 
  1. Binance will gradually delist BUSD spot and margin trading pairs. Separate delisting announcements will be released.

  2. Users can continue to trade supported assets via other stablecoin pairs and trading pairs on Binance.

  3. At 2023-09-07 06:00 (UTC), Binance will suspend BUSD borrowings on Cross Margin. From 2023-10-19 06:00 (UTC), Cross Margin and Portfolio Margin users will no longer be able to transfer in additional BUSD as new collateral to Cross Margin Wallet. Users can still transfer other tokens as collateral.

  4. Withdrawals of Binance-Peg BUSD tokens via BNB Chain, Avalanche, Polygon, Tron, and Optimism networks will cease at 2023-09-07 00:00 (UTC).

  5. Deposits and withdrawals of BUSD (ERC-20) tokens via the Ethereum network will continue to be supported until further notice.

  6. Deposits of Binance-Peg BUSD tokens via BNB Chain, Avalanche, Polygon, Tron, and Optimism networks will be supported until further notice.

  7. Users can manually convert their BUSD balances to FDUSD at a 1:1 ratio using Binance Convert until further notice. Please note that the 1:1 conversion rate is only applicable for converting BUSD to FDUSD, and not the other way around.

  8. At 2023-09-30 02:00 (UTC), BUSD will be deactivated as an order currency within the Binance Pay Merchant Service.

  9. All existing BUSD orders made before 2023-09-30 02:00 (UTC) can still be refunded to the customers in BUSD until further notice.

binance-busd.webp

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!