Binance: Users' USDC and other stablecoin balances will be fully converted to BUSD

Chain Catcher news, Binance announced that it plans to convert users' USDC, USDP, and TUSD stablecoin balances along with new deposits into BUSD on September 29 at 11:00 AM, in order to enhance users' liquidity and capital efficiency. After this, users' BUSD balances will reflect the converted balances of these four stablecoins (BUSD, USDC, USDP, and TUSD).

Binance also stated that this will not affect users' withdrawal options, and users will continue to be able to withdraw USDC, USDP, and TUSD funds at a 1:1 ratio with their BUSD-denominated account balance. (Source link)