Binance to Convert Users’ USDC, USDP, and TUSD to BUSD

[Robert518]

According to Binance, the action is due to its plans to enhance liquidity and capital-efficiency for users.

This move by Binance will be a big blow to Circle USDC due to the volume of traded assets on Binance.

Circle’s USDC is the second largest stablecoin in the crypto market with a market cap of $52 billion, only second to Tether’s USDT, Binance’s BUSD came after USDC with a $19 billion market cap, TUSD and USDP market caps are smaller.

Source: https://mycryptoparadise.com/binance-to-convert-users-usdc-usdp-and-tusd-to-busd/

[Charles-Tim]

Two related topics are existing already about this:

Binance to remove USDC as a tradable asset
Binance to delist USDC, USDP, TUSD from the platfom on 26th September

Always try to make use of the forum search engine first before posting such news.