Binance, the world’s largest cryptocurrency exchange, announced on Monday, September 5, that it is introducing BUSD Auto-Conversion for users’ existing balances and new deposits of USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD) stablecoins at a 1:1 ratio.
From 03:00 hours UTC on September 29, the platform will automatically convert user balances and new deposits of the stablecoins into its stablecoin, Binance USD.