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KrisVirgo HF-06 |HFOffline

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    KrisVirgo HF-06 |HF

    2 weeks, 6 days ago

    Binance said on Monday that it will convert all investments in USDC, Pax Dollar (USDP) and TrueUSD (TUSD) into BUSD on Sept. 29, and customers transferring those tokens to the exchange will see them automatically converted into Binance’s stablecoin after that date.

    Users will still be able to withdraw money denominated in USDC, USDP or TUSD when removing money from Binance.

    The decision effectively banishes the second-largest stablecoin, USDC, from one of the most prominent perches in crypto, erecting an obstacle to overtaking Tether (USDT) as the biggest one.

    In today’s news, Dust Labs raises $7M with y00ts release, Nigeria and Binance build a blockchain hub city, and Poolin suspends withdrawals.

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