Coin98: Will gradually stop the decentralized stablecoin CUSD, and users can exchange it for equivalent assets for free on January 15, 2024

ChainCatcher news, Coin98 announced that it will gradually stop the current version of the decentralized stablecoin CUSD. Users can exchange CUSD on BNB Chain, Ethereum, and Solana for equivalent collateral assets for free until January 15, 2024, without paying CUSD protocol fees.

Before December 15, 2023, users can also exchange CUSD on BNB Chain for BUSD and then convert it to other available assets on Binance. In addition, Coin98 will launch a new improved version of CUSD.

ChainCatcher Note: Binance has announced the cessation of support for BUSD, which is one of the fiat-backed stablecoins used as collateral for CUSD.