Binance warned about the auto conservation of three stablecoins in Busd – Bits Media

Binance cryptocurrency exchange to increase the efficiency of user service will streaml, Having converted them into Binanceusd (Busd).

Binance reported, that in order to increase liquidity and efficiency of use of capital, it stops USD Coin Stableco (USDC), USDP Stablecoin (USDP USDD) и TrueUSD (Tusd). 29 September of the above stablecoins will be automatically converted to Busd Stablecoin in the ratio during the day 1:1.

Binance CEO Changpeng Zhao (Changpeng Zhao) explained, that the company will not exclude stabbercoons from the listing, And "just unite all liquidity in one pair". He added, that the exchange will offer "the best price and minimal slippage for users."

At the same time, the site will delete a list of steam for spare trade with these stablecoins and form new trading pairs with BUSD. Binance warned, that all services, Including the placement of orders, Storage and lending to the above stablecoins, will be stopped.

The exchange confirmed, that in the near future it is not planned to automatically convert stablecoin Tether (USDT), However, if necessary, the list of stablecoins can be changed. At the same time, the termination of the USDC trade "is not a temporary measure".

At the end of last month, Binance warned ERC-20 tokens about planned preventive work with Ethereum Network wallets, conducted in connection with the transition of the Ethereum to POS.