Wazirx said it plans to delist a number of stablecoins and automatically convert them to $BUSD at a 1:1 ratio.
Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD
The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don’t want the funds converted.During the first week of September, the world’s largest crypto exchange by trade volume, Binance,it would be dropping a number of stablecoins.
On September 19, 2022, the cryptocurrency exchange Wazirx said it would no longer support deposits for USDC, TUSD, and USDP. Thepublished on Monday details that customers can still withdraw the aforementioned stablecoins but only until Friday, September 23. Wazirx will “support withdrawals of USDC, USDP, and TUSD till 5 PM IST on 23rd September 2022,” and “delist USDC, USDP, and TUSD spot market pairs at 07:30 AM IST on 26th September 2022,” the exchange announcement notes. By October 5, any stablecoin balances left on the exchange will be automatically converted to BUSD.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WazirX exchange to delist stablecoins USDC, USDP, and TUSDWazirX will favor BUSD, deprecating deposit support for USDC, USDP, and TUSD stablecoins, after an announced deadline.
Read more »
Indian exchange WazirX follows Binance in delisting USDCCrypto exchange WazirX has followed Binance and in stopping deposits of USDC, USDP and TUSD to enhance liquidity and capital efficiency.
Read more »
WazirX exchange to delist stablecoins USDC, USDP, and TUSDWazirX will favor BUSD, deprecating deposit support for USDC, USDP, and TUSD stablecoins, after an announced deadline.
Read more »
Indian exchange WazirX follows Binance in delisting USDCCrypto exchange WazirX has followed Binance and in stopping deposits of USDC, USDP and TUSD to enhance liquidity and capital efficiency.
Read more »