Binance stated that it would stop trading spot pairs like as USDC, USDP, and TUSD on September 29. It also stated that the minimum amount for manual conversion is 1 USDC, USDP or TUSD.
The USD Token (USDC), Pax Dollar (USDP), and True USD (TUSD) user balances and fresh deposits will all be converted into Binance’s own stable coin (BUSD). With the help of the recently introduced “BUSD Auto-Conversion,” this would be accomplished.
The company also disclosed that it would no longer support products like; as spot trading, futures, and margin lending for USDC, USDP, and TUSD.
The concerned USDC products, which will be closed and liquidated on September 23rd, include crypto loans, Defi staking subscriptions, and savings accounts.