Binance to Convert Users’ USDC, USDP, TUSD Into Its Own Stablecoin BUSD

Binance to Convert Users' USDC, USDP, TUSD Into Its Own Stablecoin BUSD

The action effectively removes the world’s second biggest stablecoin USDC, with a market cap of nearly $52 billion (compared to USDT’s $67.5 billion) as a tradeable asset on Binance’s platform. The move is also a blow to Circle Internet Financial, the issuer of USDC.

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