Cryptocurrency Q&A
Can I still use BUSD?
Can I still use BUSD?
KimchiQueenCharmingKiss
Thu Aug 01 2024
|
5 answers
950
Excuse me, I was wondering if you could clarify something for me. I've been hearing a lot about the Binance USD (BUSD) stablecoin, and I'm curious if it's still viable to use in today's cryptocurrency landscape. Are there any recent developments or changes that I should be aware of that might affect my ability to use BUSD? I'm specifically interested in its liquidity, acceptance among exchanges and merchants, and any potential risks associated with holding or trading it. Thank you for your time and assistance.
5 answers
CryptoWanderer
Sat Aug 03 2024
Binance, a leading cryptocurrency exchange, has announced that users will retain the ability to redeem their BUSD tokens until February 2024. This announcement was made via a blog post on Wednesday, providing users with a clear timeline for their BUSD holdings.
Was this helpful?
63
91
Chiara
Sat Aug 03 2024
Despite the continued redemption option, Binance has also disclosed plans to halt withdrawals of BUSD on December 31st. This decision underscores the exchange's commitment to ensuring a smooth transition for its users.
Was this helpful?
249
80
Nicola
Sat Aug 03 2024
Following the withdrawal halt, any remaining BUSD balances in user accounts will be automatically converted to FDUSD, a stablecoin issued by FD121 Ltd. This conversion process is designed to minimize disruption and maintain the stability of users' holdings.
Was this helpful?
211
94
RobertJohnson
Fri Aug 02 2024
BTCC, a reputable UK-based cryptocurrency exchange, offers a diverse range of services to cater to the needs of its clients. These services include spot trading, futures trading, and wallet solutions, among others.
Was this helpful?
308
20
CryptoMystic
Fri Aug 02 2024
With its comprehensive suite of offerings, BTCC provides users with a secure and efficient platform for managing their cryptocurrency assets. Whether users are looking to trade, store, or convert their digital currencies, BTCC has the services and expertise to support their needs.
Was this helpful?
119
61
