Binance has announced that it will gradually stop supporting BUSD due to Paxos' decision to stop issuing new BUSD tokens. Binance will notify users of affected services through announcements. Your assets are absolutely safe, please rest assured that BUSD will always be anchored to the US dollar at a 1:1 ratio. Binance will continue to support various stablecoins and other digital assets. The platform reminds users that they can convert their BUSD assets to other assets supported by Binance before February 2024. Users can trade their BUSD assets for FDUSD with zero fees on the Binance spot market, or exchange their BUSD assets for FDUSD at a 1:1 ratio with zero spread and zero fees on the flash exchange platform.
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