A major cryptocurrency exchange, Binance, has announced the mandatory conversion of 15 tokens into USDT (Tether).
At midnight on April 21, Binance would exchange tokens for USDT based on the balances that users have in their Binance wallets. Until now, users can still withdraw their airdropped or delisted tokens.
Asset withdrawal will only be possible during the designated period of time. Any of the aforementioned token deposits are no longer accepted and won’t be credited to user accounts. Moeda Loyalty Points (MDA), Helium (HNT), Mithril (MITH), DFI.Money (YFII), Mirror Protocol (MIR), Venus Reward Token (VRT), TokenClub (TCT), Augur (REP), EasyFi (EZ), Swerve (SWRV), Boba Network (BOBA), Serum (SRM), Raiden Network Token (RDN), Cobak Token (CBK), and OnX Finance (ONX) are among the total number of tokens that the proposed changes will impact.
“Please note that Binance will update this announcement and send a separate email to all impacted users when the conversion of the aforementioned tokens to USDT is complete”
Binance ceased facilitating USDC withdrawals and deposits on the Tron network (TRC20) at the end of March. The exchange states that after April 5, USDC stablecoins will not be credited to user accounts over the TRC20 network.
On Binance, users will still be able to trade USDC. Shortly after USDC issuer Circle declared it would no longer be supporting the Tron network, the decision was made.
Up until February 2025, USDC will still function on Tron, but no new stablecoins will be released over the network. Users can trade their funds for fiat money or move them to other blockchains. Circle withheld the explanation for its decision to stop supporting the comparatively well-liked network.
