Binance to convert users’ USDC into its own stablecoin
The biggest cryptocurrency exchange in the world, Binance, said on Monday that it is launching "BUSD Auto-Conversion," which will be used to convert all user balances of USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD), as well as any new deposits, into its own stablecoin.

The biggest cryptocurrency exchange in the world, Binance, said on Monday that it is launching "BUSD Auto-Conversion," which will be used to convert all user balances of USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD), as well as any new deposits, into its own stablecoin.
The business said in a statement that the action aims to improve consumers' access to liquidity and capital efficiency.
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