Binance replaces BUSD in SAFU fund with TUSD and USDT

Cryptocurrency exchange Binance announced on March 17 that it has replaced the BUSD holdings in its Secure Asset Fund for Users (SAFU) with TUSD and USDT.

The move comes in response to Paxos’ recent move to stop minting new BUSD, which has led to the asset’s market capitalization falling.