From September 29 USDC, USDP and TUSD will be converted to BUSD 1:1.

    However, users will still be able to withdraw these assets to their wallets.

    These coins will be removed from all possible trading options, Binance Pay etc.

    In its announcement, the exchange said that this was done in order to increase liquidity and capital efficiency. In fact, the company is imposing its stablecoin without any alternative.

    Binance appeared in 2017 as a result of the ICO and today is the largest crypto exchange. Binance founder Changpeng Zhao, aka CZ, has a massive background in developing trading software, making Binance the iPhone among cryptocurrency exchanges today. 

    Stay up to date with more crypto news. Catch you later.