Binance will stop supporting USDC, certain other stablecoins by Sept. 29

On Sep. 5, Binance has revealed that it would remove USD Coin (USDC), TrueUSD (TUSD), and Paxos Standard (USDP) as tradeable assets on its platform and convert its users’ balance in these stablecoins to Binance USD (BUSD) by Sept. 29.

According to Binance, the move is geared toward enhancing liquidity and capital efficiency for its users.