In what looks to be an indirect push to force traders to use their stablecoin, BUSD. Trading of assets or pairs that involve USDP, USDC and TUSD will no-longer be supported in Binance starting 26th September 2022.
All those having account balances of the mentioned stablecoins will have them auto converted top BUSD
Fellow Binancians,
In order to enhance liquidity and capital-efficiency for users, Binance is introducing BUSD Auto-Conversion for users' existing balances and new deposits of USDC, USDP and TUSD stablecoins at a 1:1 ratio. With effect from 2022-09-29 03:00 (UTC), users will trade with a consolidated BUSD balance on the Binance Platform that reflects their balances of these four stablecoins (BUSD, USDC, USDP and TUSD) post conversion.
Please note that in view of this announcement, the following changes will be made.
Spot:
- Binance will remove and cease trading on the following spot trading pairs at 2022-09-26 03:00 (UTC): USDC/BUSD, USDC/USDT, USDP/BUSD, USDP/USDT, TUSD/BUSD, TUSD/USDT.
- Binance will remove and cease trading on the following spot trading pairs at 2022-09-29 03:00 (UTC):
ADA/USDC, ATOM/USDC, AUD/USDC, BCH/USDC, BNB/USDC, BTC/USDC, BTTC/USDC, EOS/USDC, ETH/USDC, LINK/USDC, LTC/USDC, SOL/USDC, TRX/USDC, WIN/USDC, XRP/USDC, ZEC/USDC, BNB/USDP, BTC/USDP, ETH/USDP, ADA/TUSD, BNB/TUSD, BTC/TUSD, ETH/TUSD, TRX/TUSD, XRP/TUSD.
- Users will be able to view their USDC, USDP and TUSD balances under the BUSD denominated account balance when the conversion is complete.
- All pending trade orders will be automatically removed after trading ceases in each respective trading pair. Users can then trade the assets in the respective BUSD trading pairs.
Source:
https://www.binance.com/en/support/announcement/e62f703604a94538a1f1bc803b2d579fDo you think there will come a time when Binance will stop supporting USDT so as to continue forcing people to use BUSD on their platform?