@BOMBERuss 5 September 2022 more from that month

#Binance stops supporting #USDC, #USDP and #TUSD stablecoins. Instead, they suggest using #BUSD. According to the announcement in the official Binance blog, the automatic conversion will take place on September 29 and will affect the USDC, USDP and TUSD stablecoins. The conversion rate will be 1:1. The changes will affect many functions and services of the trading platform — #spot trading (support for pairs like USDC/BUSD, USDC/USDT, USDP/BUSD, etc. will be discontinued; #futures; #margin trading (support for lending on instruments based on USDC, USDP and TUSD will be discontinued); #staking (support for Flexible Savings and DeFi Betting will cease based on USDC); Liquid #Swap (closing the USDC/USDT pool, funds will be transferred to spot wallets); crypto loans; Binance Pay and Binance #Gift Card. In the future, the list of stablecoins subject to automatic conversion may be revised and changed. The #exchange's decision actually means the #delisting of the second-largest ($52 billion) USDC stablecoin. The USDC Circle Internet Financial issuer may be seriously affected by Binance's actions. Binance's own #stablecoin — BUSD — ranks third in the list of the largest stablecoins. Disgraced TUSD and USDP occupy the fifth and sixth places in the rating, their #capitalization is $1 billion and $945 million, respectively. #CryptoCurrency