Binance to Cease BUSD Support in 2024 Amid Legal Turmoil

Users will still be able to redeem their BUSD until February 2024, Binance said in a blog post Wednesday However, Binance said it would halt

The Binance Pegged BUSD is a token offered as part of the pegged token service offered by Binance For this token, Binance locks FDUSD tokens and issues the

busd As BUSD is available as a wrapped token on other blockchains, you'll need to add your public address to Koinly from each blockchain in order to

busd The mechanism for keeping BUSD's peg is relatively simple Each BUSD is exchangeable for 1 USD from the reserves By sending your BUSD to Paxos, they will burn