Binance encouraged eligible users to convert their BUSD assets to other stablecoins before February 2024. The exchange added that Binance-Peg BUSD token withdrawals via BNB Chain, Avalanche, Polygon, and Tron networks will cease in September. Deposits on these networks including Ethereum will continue until further notice. After an SEC crackdown, the company previously swapped $1 billion BUSD from its SAFU fund into USDT and TUSD. Users with BUSD balances on Binance were advised to convert their holdings for other supported
