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Binance Delists BUSD - Are Stablecoins Dead?
On 31st August 2023, Binance announced that it would gradually stop supporting BUSD stablecoin on its platform. This is due to Paxos, the company that issues the BUSD stablecoin, pausing the minting of new BUSD tokens. But the token will still be redeemable on Paxos till February 2024. Starting December 31, 2023, at 03:00 UTC, BUSD withdrawals will be stopped. Any remaining BUSD balances in…
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