Binance completes conversion of BUSD token balances to FDUSD
Binance has completed the conversion of BUSD token balances to FDUSD for eligible users.
Binance has completed the conversion of BUSD token balances to FDUSD for eligible users.
As Paxos has halted minting of new BUSD, Binance will gradually cease support for BUSD products.
The SEC is considering an action alleging that BUSD is a security and that Paxos should have registered the BUSD offering.
Existing tokens remain fully-backed and redeemable through Paxos Trust Company through at least February 2024.