Cryptocurrency Q&A
Is BUSD shutting down?
Is BUSD shutting down?
Michele
Sat Oct 26 2024
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5 answers
1373
I heard some rumors that BUSD might be shutting down soon. I'm concerned about my assets and want to know if there's any truth to these rumors. Is BUSD really shutting down or is it just a baseless speculation?
5 answers
SamuraiWarriorSoulful
Mon Oct 28 2024
For any remaining BUSD balances, Binance has stated that they will be automatically converted to FDUSD, a stablecoin issued by FD121 Ltd. This conversion will take place on the same day that withdrawals are halted.
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SarahWilliams
Mon Oct 28 2024
Binance has announced in a blog post on Wednesday that users will have the option to redeem their BUSD until February 2024.
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KpopMelody
Mon Oct 28 2024
The cryptocurrency exchange has provided a clear timeline for the redemption process, giving users ample time to make their decisions.
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CryptoQueenBee
Mon Oct 28 2024
According to the announcement, Binance will halt withdrawals of BUSD on December 31. This means that users will no longer be able to withdraw their BUSD balances after this date.
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CryptoChieftain
Sun Oct 27 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet. With such a diverse offering, users can have a seamless experience when trading and managing their cryptocurrencies.
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