Binance converts customer deposits in dollar stablecoins to BUSD – its own stable ‘coin’
Binance, the largest cryptocurrency exchange, will convert any existing and new deposits in dollar-pegged cryptocurrencies into its own BUSD stablecoin. In particular, the change will affect deposits in USDC, USDP and TUSD. Binance will also cease all trading of spot pairs involving these cryptocurrencies. USD savings accounts, DeFi staking, and the USDC/USDT liquidity pool will […]