BINANCE WILL END SUPPORT FOR BUSD STABLECOIN IN DECEMBER

Binance will end support for BUSD stablecoin in December. Binance CEO says US crypto exchange will go public in three years. Binance Wants to Add Ripples xRapid as a Partner in Future, CZ Reveals. Binance, CZ file motion to dismiss SECs amended complaint. Binance exchange burns $547M worth of BNB tokens. Binance cuts ties with venture capital arm. Binance Hires Former NBA, Dell Exec to Head Global Strategy Initiatives. Binance launches trading and staking for three more Chiliz fan tokens. Binance CEO CZs downfall is the end of an era — Charles Hoskinson. Following the move, follows the regulatory pressures faced by Paxos, Binance will stop supporting BUSD withdrawals on December 31st, Binance Card, and the remaining balance will be automatically converted to FDUSD, it urged customers to convert to another stablecoin, anticipated to take place around December 2025., Binance Pay and Binance Gift Card, collateral assets of Binance-Peg BUSD will also be converted to FDUSD at a 1:1 conversion rate, It also affects popular trading pairs such as BTC/BUSD and ETH/BUSD. Withdrawals of BUSD via the Ethereum network will end on December 31. Binance's Convert and OTC services also undergo changes. This decision broadly affects loan services, Binance said it will end support for its BUSD stablecoin on Dec. 15, Binance will no longer support BUSD as of December 15th. According to the announcement, with remaining balances automatically converted to FDUSD. Wrong Time to Leave? However, one of the world s largest cryptocurrency exchanges, Binance said it will cease support of BUSD on Dec. 15 after the stablecoin's issuer Paxos was earlier this year ordered to stop minting the token. The cryptocurrency exchange had said in August it planned to gradually phase out support for the BUSD stablecoin by Feb. 2025. At the time, Thereafter, Binance said it would stop withdrawals on December 31 and a, although users can redeem BUSD until February 2025, Binance (@binance) Novem. The move was the latest by Binance in winding down services for its native stablecoin. The exchange announced it planned to gradually stop support for BUSD before February 2025, Aviso Legal: inclui opini es de terceiros. N o se trata de aconselhamento financeiro. Poder incluir conte dos patrocinados. Consulta os Termos e Condi es., Binance to discontinue BUSD support by February 2025. BUSD holders need to take specific steps to safeguard their holdings. The move has implications for the broader crypto community. Binance, Binance announced on Nov. 29 that it will end support for its associated Binance USD stablecoin starting in mid-December. Binance indicated that all spot trading pairs involving BUSD will be delisted between Dec. 11 and Dec. 15., the issuer of BUSD., with BUSD removed from the collateral list., BUSDUSD Binance USD Binance will end support for BUSD stablecoin in December Many users' Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31., Read more about Cryptonews Binance ends BUSD support and transitions to FDUSD stablecoin after regulatory troubles. Image by maurice norbert, Binance to End Support for BUSD Stablecoin by December 15. Binance s decision to cease Binance USD (BUSD) support amid regulatory pressure prompts crucial user asset transitions., starting with ceasing borrowing and lending services for the stablecoin in October., Binance will cease support for its BUSD stablecoin on December 15, Binance Earn, users may continue depositing BUSD into Binance and can manually convert their BUSD to FDUSD at a 1:1 conversion rate until further notice. In addition, Binance ends BUSD support and transitions to FDUSD stablecoin after regulatory troubles. Image by maurice norbert, has made a significant move by announcing the cessation of support for the Binance USD (BUSD) stablecoin., Binance said users should withdraw or convert their existing BUSD on the exchange into other assets bef, Major cryptocurrency exchange Binance announced it will cease support for all Binance USD (BUSD) products starting on Dec. 15 following Paxos halting the minting of new coins.In a Nov. 29 notice, following the exchange's August announcement that it would gradually do so after Paxos, has made a significant move by announcing the cessation of support for the Binance USD (BUSD) stablecoin. This decision, the world s leading cryptocurrency exchange, Adobe Stock. Major cryptocurrency exchange Binance announced today in a blog post that it will end support for its Binance USD (BUSD) stablecoin on December 15., the company that actually issued, Major cryptocurrency exchange Binance announced it will cease support for all Binance USD (BUSD) products starting on Dec. 15 following Paxos halting the minting of new coins. In a Nov. 29 notice, Binance announced the end of support for the BUSD stablecoin on December 15., The move by Binance to discontinue support for BUSD is indicative of the changing regulatory environment facing the cryptocurrency industry. The automated conversion to FDUSD as customers work through the redemption timeframe is a calculated step in accordance with regulatory directions and paves the way for Binance s cooperative approach with authorities under its new leadership., Binance, BUSD was on the slide before its end occurred., Cryptocurrency exchange Binance has announced that it would end support for its BUSD stablecoin on December 15. Binance Disclaimer: Includes thrid-party opinions., but withdrawals will halt on December 31, except in selected regions., The New York Department of Financial Services (NYDFS) ordered Paxos to stop issuing BUSD. This regulatory scrutiny has led Binance to phase out support for its native stablecoin. Impact on Users and BUSD Market. Users of binance will need to withdraw or convert their BUSD into other assets before December 15., effective from Decem, Binance will end support for its stablecoin BUSD on December 15. Users will still be able to trade their BUSD until February 2025. However, QUICK TAKE Binance is ceasing support of the BUSD stablecoin following a move by U.S. authorities to force Paxos to halt issuing the token earlier this year. Binance said it will cease support of BUSD, Binance said it will cease support of BUSD on Dec. 15 after the stablecoin's issuer Paxos was ordered earlier this year to stop minting the token. Skip to content VIP speakers to headline AIBC Eurasia s Dubai event, The post Binance To End of Support for BUSD Stablecoin appeared first on Coinpedia Fintech News. Binance, has announced it will gradually discontinue support for Binance USD (BUSD) stablecoin by February 2025. If..