Binance Limits USDC Stablecoin Support With BUSD ‘Auto-Convert’ Feature
Binance has announced that it will automatically convert USDC, Pax Dollar (USDP), and TrueUSD (TUSD) to Binance USD (BUSD). The exchange says that this will boost liquidity and be to the benefit of users.
Binance exchange has announced an auto-convert feature for the USD Coin (USDC) and other stablecoins with Binance USD (BUSD). The exchange published a post on Sept. 5 saying that USDC, Pax Dollar (USDP), and TrueUSD (TUSD) will be automatically converted to BUSD for users’ existing balances and new deposits.
The feature will come into effect from Sept. 29.