Binance ending Support for BUSD Stablecoin - 10% Beneficiary to Tron Fan Club

BUSD Stablecoin is Binance's stablecoin but it was managed by another company Paxos. There have been some compliance issues at the beginning of this year and because of that, the exchange has to deal with problems coming from authorities. Although the issue was settled the exchange has taken a bold move by announcing that it is going to seize the support for Busd. This was announced a few months back so that the community get enough time to take the required action and there were several impacts on the platform for busd conversion to another stablecoin. The exchange has been delisting pairs with BUSD continuously.

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We need to stay updated with such news so that we do not miss out on something. Now we are pretty much close to the end date for the support. As per the announcement, the last day for the support is going to be the 15th of December as far as I'm aware. Its 10th December today so the date is pretty close and we must take action now before its too late. I had some usd in my exchange wallet that I converted to another stable coin already and now I do not have any more BUSD with me.

If you are also holding the BUSD coin then I must recommend you to go and take the required action. If in case you have already done the same then you need not worry about it because the required action has already been taken and you can just relax however it is a kind of news that surely deserves more attention. It is one of the biggest exchanges in the world and a lot of people used to hold BUSD since it was a reliable stable coin since the beginning.

The exchange has also considered another stable coin which it is trying to make part of different initiatives. Its FDUSD and I will be sharing more about it in another post later but for now, I wanted to inform the committee about this upcoming deadline.

Thanks