Binance to Phase Out Support for BUSD Products Gradually!

The post Binance to Phase Out Support for BUSD Products Gradually! appeared first on Coinpedia Fintech News

Binance, the popular cryptocurrency exchange, has announced that it will be gradually discontinuing support for BUSD products. BUSD is a stablecoin pegged to the US dollar that is popular among users seeking a less volatile cryptocurrency. Binance is encouraging users to convert their BUSD balances into other available assets on their platform before February 2024. Users can trade their BUSD balances for FDUSD at zero trading fees or convert them to FDUSD at a 1:1 ratio. Binance assures its users that this move is in their best interest.