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Article • Aug 31, 2023

Binance Phases Out Support for BUSD Stablecoin, Urges Users to Convert Holdings to Alternative Assets

Ankr
Binance Phases Out Support for BUSD Stablecoin, Urges Users to Convert Holdings to Alternative Assets
Summary
  • Binance is discontinuing support for its BUSD stablecoin across its platforms.
  • Users are advised to convert their BUSD holdings to alternative assets by February of next year.
  • The US SEC has expressed concerns about the status of BUSD, alleging that it was an unregistered security.

Source: https://www.financemagnates.com//cryptocurrency/binance-shifts-gears-phases-out-busd-support-introduces-new-alternative-stablecoin/

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Binance Phases Out Support for BUSD Stablecoin, Urges Users to Convert Holdings to Alternative Assets | DePIN Hub