Binance éliminera progressivement le BUSD dici 2024
Nouvelles Bitcoin Ethereum Binance encouraged eligible users to convert their BUSD assets to other stablecoins before February 2024. The exchange added that Binance-Peg BUSD token withdrawals via BNB Chain, Avalanche, Polygon, and Tron networks will cease in September. Deposits on these networks including Ethereum will continue until further notice. After an SEC crackdown, the company previously swapped $1 billion BUSD from its SAFU fund into USDT and TUSD. Users with BUSD balances on Binance were advised to convert their holdings for other supported stablecoins or assets before February 2024. An August 31 announcement noted a gradual shutter of BUSD-related products on the crypto exchange particularly for spot and margin trading. Also, starting next month, Binance will no longer support BUSD withdrawals through the BNB Chain, Avalanche, Polygon, and Tron networks. This change is effective come 06:00 (UTC) September 7. Binance Winds Down BUSD Support BUSD deposits on the aforementioned networks are possible until further notice. Per the announcement, deposits and withdrawals via Ethereum remain unaffected. The announcement comes six months after digital asset issuer Paxos was ordered to cease minting BUSD tokens by U.S regulators. New Yorks Department of Financial Services launched a probe into the NY-regulated firm, effectively crippling fresh BUSD issuance. The Securities and Exchange Commission labeled BUSD