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Binance Will Support the TrueUSD (TUSD) Contract Swap

Binance Will Support the TrueUSD (TUSD) Contract Swap

2023-06-08 08:20

Fellow Binancians,

Binance will support the TrueUSD (TUSD) contract swap on BNB Smart Chain, with the following timeline:

  • At 2023-06-12 08:00 (UTC), deposits and withdrawals of TUSD on BNB Smart Chain (BEP20) will be suspended.

  • Spot trading, margin trading, Binance Pay, VIP Loan, Futures trading, and Simple Earn subscriptions will not be affected during the contract swap.

  • Binance will handle all technical requirements involved for all users holding TUSD in their Binance accounts.

  • A separate announcement will be made once the contract swap is complete and deposits and withdrawals of TUSD (BEP20) are open.

  • After the contract swap, old TUSD (BEP20) tokens will assume TUSDOLD as the ticker. Users who deposit TUSDOLD via the old TUSD (BEP20) smart contract will be able to swap these tokens for new TUSD (BEP20) tokens using the convert function.

  • Please note that deposits and withdrawals of old TUSD (BEP20) tokens will be supported until the end of the Maverick Protocol (MAV) Launchpool (i.e., 2023-07-08 23:59 UTC). Binance will also support the conversion of new TUSD (BEP20) tokens to old TUSD (BEP20) tokens by 2023-06-23.

  • Old TUSD (BEP20) smart contract address: 0x14016E85a25aeb13065688cAFB43044C2ef86784

  • New TUSD (BEP20) smart contract address: 0x40af3827F39D0EAcBF4A168f8D4ee67c121D11c9

  • Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

For further information, please refer to the following: 

Thanks for your support!

Binance Team

2023-06-08

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Note: This announcement was last updated on 2023-06-14 to clarify deposits and withdrawals of old TUSD (BEP20) tokens will be supported until the end of the Maverick Protocol (MAV) Launchpool, and Binance will support the conversion of new TUSD (BEP20) tokens to old TUSD (BEP20) tokens by 2023-06-23. It was previously updated on 2023-06-08 to clarify that futures trading will not be affected during the contract swap.

Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

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