Binance encourages users to convert BUSD to other stablecoins.

As Paxos has halted minting of new BUSD, Binance will gradually cease support for BUSD products.

Binance notes that it 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.

Binance will gradually delist BUSD spot and margin trading pairs.

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.

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.

Users can manually convert their BUSD balances to FDUSD at a 1:1 ratio using Binance Convert until further notice. Please note that the 1:1 conversion rate is only applicable for converting BUSD to FDUSD, and not the other way around.

Binance will gradually delist BUSD-margined perpetual contracts. Users can manually convert their BUSD balances in futures wallet to other supported futures margin assets within futures wallet via Futures Asset Conversion function.

Simple Earn Flexible Products will stop offering BUSD subscriptions at 2023-10-13 04:00 (UTC). A separate announcement on full delisting and automatic redemptions of remaining BUSD positions will be released.

Auto-Invest will discontinue BUSD plan subscriptions at 2023-09-15 02:00 (UTC). Users should modify their BUSD Auto-Invest plan settings to alternatives like FDUSD prior to this date. After 2023-09-15 02:00 (UTC), Binance will automatically update all BUSD Auto-Invest plans to FDUSD Auto-Invest plans.

Liquid Swap will gradually delist BUSD liquidity pools. Separate delisting announcements will be released.

Dual Investment will support BUSD till 2023-12-31 00:00 (UTC), and any new or existing subscriptions will not be impacted. No additional Dual Investment BUSD subscriptions will be available thereafter.

Flexible DeFi Staking will close all outstanding BUSD positions and return BUSD assets to users’ spot wallets, together with any accrued rewards at 2023-09-14 06:00 (UTC).

At 2023-09-06 04:00 (UTC), BUSD will be delisted as a loanable asset from Binance Loans (Stable and Flexible Rates) and VIP Loan. Outstanding BUSD loan positions will not be impacted at this time.

At 2023-09-06 04:00 (UTC), BUSD will be delisted as a collateral asset from Binance Loans (Stable and Flexible Rates). Outstanding BUSD collateral positions will not be impacted at this time.

At 2023-12-13 04:00 (UTC), BUSD will be delisted as a collateral asset from VIP Loan.

A separate announcement on the closure of outstanding BUSD loan and collateral positions will be released.

At 2023-09-30 02:00 (UTC), BUSD will be deactivated as an order currency within Binance Pay Merchant Service.

All existing BUSD orders made before 2023-09-30 02:00 (UTC) can still be refunded to the customers in BUSD until further notice.