🚨🚨 EVERYONE PLEASE NOTE 🚨🚨

Binance Encourages Users to Convert BUSD to Other Stablecoins Prior to February 2024

As Paxos has halted minting of new BUSD, Binance will gradually cease support for BUSD products. Announcements will be released for any impacted services. Please be assured that BUSD will always be backed 1:1 by USD.

Binance will continue to support multiple stablecoins and digital assets on its platform. Users are encouraged to convert their BUSD assets into other available assets on Binance prior to February 2024. Users may trade their BUSD balances for FDUSD at zero trading fees, or convert their BUSD balances to FDUSD at 1:1. 

Spot & Margin:

Binance will gradually delist BUSD spot and margin trading pairs. Separate delisting announcements will be released.

Users can continue to trade supported assets via other stablecoin pairs and trading pairs on Binance.

At 2023-09-07 06:00 (UTC), Binance will suspend BUSD borrowings on Cross Margin. From 2023-10-19 06:00 (UTC), Cross Margin and Portfolio Margin users will no longer be able to transfer in additional BUSD as new collateral to Cross Margin Wallet. Users can still transfer in other tokens as collateral.

Deposits & Withdrawals: 

Withdrawals of Binance-Peg BUSD tokens via BNB Chain, Avalanche, Polygon and Tron networks will cease at 2023-09-07 00:00 (UTC). 

Deposits and withdrawals of BUSD (ERC-20) tokens via Ethereum network will continue to be supported until further notice.

Deposits of Binance-Peg BUSD tokens via BNB Chain, Avalanche, Polygon and Tron networks will be supported until further notice.