According to an official announcement: Binance is set to discontinue all support for BIDR products and services. Effective August 20, 2024, 08:00 UTC, Binance is urging BIDR holders to convert their assets into other Binance-supported currencies or crypto. Any leftover BIDR balances after this date will automatically translate into FDUSD based on real-time exchange rates at xe.com.
Until August 19, 2024, 23:59 UTC, Binance will continue to support BIDR deposits and withdrawals. Post this date and time, remaining BIDR in users' Spot and Funding wallets will be converted into FDUSD, taking approximately up to 24 hours or longer. The converted FDUSD tokens will be dispatched to users' Spot wallets.
Spot trading pairs including BTC/BIDR, ETH/BIDR, and USDT/BIDR will be delisted from May 17, 2024, 03:00 UTC. Simultaneously, Binance Margin will delist the USDT/BIDR isolated margin pair by May 10, 2024, 06:00 UTC, suspending margin borrowing for this pair three days prior on May 7, 2024, 06:00 UTC.
As for Binance Convert, it will eliminate all BIDR trading pairs by May 13, 2024, 04:00 UTC, the same date that Binance Pay will remove BIDR from its list of supported stablecoins.
Binance Auto-Invest will delist BIDR after May 11, 2024, 02:00 UTC. Subsequently, Binance Simple Earn will follow the course and delist BIDR after May 14, 2024, 03:00 UTC.