Binance issued a notice on Monday explaining that the exchange will be removing the stablecoin USDC from the platform’s pairs list.
made on Monday, Binance explained that it plans to auto-convert certain stablecoin balances if the funds are not removed by September 29, 2022.
“Fellow Binancians, in order to enhance liquidity and capital-efficiency for users, Binance is introducing BUSD Auto-Conversion for users’ existing balances and new deposits of USDC, USDP and TUSD stablecoins at a 1:1 ratio,” the exchange said on September 5. Then the announcement further notes that Binance is sunsetting a few specific spot trading pairs.
The pairs will be removed before the auto-conversion September 29 deadline and they will cease trading three days prior to the cut-off. “Binance will remove and cease trading on the following spot trading pairs at 2022-09-26 03:00 : USDC/BUSD, USDC/
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