Binance said on Sept. 29 it will convert existing balances and new deposits of stablecoins USDC, USDP and TUSD to its own stablecoin, BUSD.
In addition to the conversion, Binance will end trading pairs for the three stablecoins against BUSD and Tether , as well as major cryptocurrencies like bitcoin and ether.
Source: Digital Coin News (digitalcoinnews.net)
They continue to support USDT because they have no choice actually
I’m kinda glad that they did it. I mean Tether is an obvious choice among fiat backed stablecoins
Wow..that’s huge. Binance gets it. USDC is no good for crypto in general.
U gulag me? Why?
trying to figure out if the block is china or not
Why are they keepinnn thiss a secret?
DefiMikeSotero eeeek
I hope always stable :ust
Bad decision for Binance. Very bad.
I can see this going bad
This is the stupidist thing binance has ever done! Stablecoins do NOT equal exactly $1 compared to each other, so trying to monopolise the market like this is a total waste of time! So much for decentralisation! bnb BUSD
Hmm… while I don’t like Usdc I do like choice…
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