Crypto exchange giant Binance will stop support for BUSD by 2024 after Paxos halted minting the stablecoin following a regulatory clampdown. The firm, meanwhile, has asked users to convert their BUSD to FDUSD, a stablecoin recently listed on the Binance platform. Binance, in an announcement on Aug. 31, revealed that it will delist BUSD spot and margin trading pairs. The company earlier said that it would remove nine cross-margin and isolated margin BUSD trading pairs, including HARD/BUSD, AMB/BUSD, and IOST/BUSD. Meanwhile, BUSD (ERC-20) token withdrawals and deposits on the Ethereum network will be supported until further notice.
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