Binance, the world’s largest cryptocurrency exchange, has told its customers that it will remove three cryptocurrencies from its exchange. stablecoins –the tokens that trade at parity with the dollar, denominated “crypto dollar” in Argentina-.
These are USDC, USDP and TUSD. These cryptocurrencies will automatically be converted into BUSD, the most stable of the company.
“In order to improve liquidity and capital efficiency for users, Binance is introducing automatic BUSD conversion for existing user balances and new stablecoin deposits. USDC, USDP the TUSD in a ratio of 1:1″, they communicated from the company.
From the September 29th From 2022 at 06:00 in Argentina, users will trade with a consolidated BUSD balance on the Binance platform that reflects their balances of these four stablecoins (BUSD, USDC, USDP and TUSD) after conversion.
Binance will delist and stop trading the following spot trading pairs on September 26: USDC/BUSD, USDC/USDT, USDP/BUSD, USDP/USDT, TUSD/BUSD, TUSD/USDT. On the 29th, pairs with bitcoin and other altcoins (alternative currencies to the one with the largest market capitalization) will be eliminated.
In particular, they reported suspension of the following: ADA/USDC, ATOM/USDC, AUD/USDC, BCH/USDC, BNB/USDC, BTC/USDC, BTTC/USDC, EOS/USDC, ETH/USDC, LINK/USDC, LTC/USDC, SOL/ USDC, TRX/USDC, WIN/USDC, XRP/USDC, ZEC/USDC, BNB/USDP, BTC/USDP, ETH/USDP, ADA/TUSD, BNB/TUSD, BTC/TUSD, ETH/TUSD, TRX/TUSD, XRP/TUSD.
Users will be able to see their USDC, USDP and TUSD balances in the BUSD denominated account balance when the conversion is complete. “All pending trade orders will be deleted automatically after trading ceases in each respective trading pair. Users can then trade the assets in the respective BUSD trading pairs.
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