Binance Delisting BUSD Stablecoin Amid Regulatory Pressure, Advises Users Withdraw Funds
• Binance to delist and end support for its BUSD stablecoin by December 15th • Decision comes amid regulatory pressure on BUSD issuer Paxos from New York regulators • Users advised to withdraw or convert BUSD; can swap into Binance's FDUSD 11 with no fees • BUSD withdrawals disabled by Dec 31; remaining balances auto-converted to FDUSD • Paxos pledges users can still redeem leftover BUSD for dollars until at least Feb 2024