Post
Topic
Board Altcoin Discussion
Re: Breaking: Paxos reportedly ordered to stop issuing Binance USD
by
Bitcoin_Arena
on 14/02/2023, 23:53:31 UTC
There's also the case that binance said any usdt or usdc deposited there would be converted to busd, I think that also makes it much riskier than usdc and usdt because of that (you're relying on multiple assets).
The excluded tether because of its huge volume so far in the platform but if you deposit USDC, TUSD or USDP, they would automatically be converted to BUSD

They also delisted any trading pairs of USDC, TUSD or USDP