JUST IN: #Binance to delist & end support for its BUSD stablecoin on the 15th of December 2023.
Cryptocurrency exchange giant Binance announced that it will officially cease support for the BUSD stablecoin by December 15th. The announcement comes amid growing regulatory pressure on the assetâs issuer Paxos.
In a blog post, Binance advised users to withdraw or convert any BUSD holdings into alternative cryptocurrencies.
STEPS TO CONVERT BUSD TO #BTC, Stable or #Altcoins
1. Go to Trade on your Binance app
2 Select Convert at the top left corner of your PC or Mobile Device.
3. Select BUSD as the coin of interest
4. Select any other cryptocurrency of your choice to convert to in this case you can select USDT which is of the same value @ a ration of 1:1 with zero conversion fees
5. Confirm your selection and click convert.
