Binance: There are currently no plans to automatically convert USDT to BUSD

2022-09-06 14:29:50
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According to Chain Catcher, Binance stated that there are currently no plans to automatically convert USDT, but "that may change." Additionally, Binance mentioned that the automatic conversion and the cessation of most trading services for USDC "are not temporary measures."

According to previous reports, Binance plans to convert users' USDC, USDP, and TUSD stablecoin balances along with new deposits into BUSD at 11 AM on September 29. However, this will not affect users' withdrawal options, as users will continue to be able to withdraw USDC, USDP, and TUSD funds at a 1:1 ratio with their BUSD-denominated account balance. (Cointelegraph)

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