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.
Topic: Binance to Convert Users’ USDC, USDP, and TUSD to BUSD (Read 39 times)
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/
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/
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