Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: coingabbarmarket on October 05, 2023, 02:30:06 PM

Title: Lending Services for BUSD will be Stopped till 25 October by Binance
Post by: coingabbarmarket on October 05, 2023, 02:30:06 PM

Binance will stop lending services for native stablecoin BUSD
Crypto Exchange Binance will stop lending services for its native stablecoin Binance USD (BUSD) till 25 October. According to the announcement of 3 October, Binance will stop all the due BUSD load and collateral positions till the end of month. Users will still be capable of using Tether, Dai, TrueUSD (TUSD) and USD coins like stablecoin for taking and giving loans. Along with this users can give 3% on Binance acquired estimated annual percentage to their BUSD loan at present. According to the information, Binance is planning to stop all the services joined with stablecoin till 2024.

Title: Re: Lending Services for BUSD will be Stopped till 25 October by Binance
Post by: cryptoworld1 on October 13, 2023, 09:12:56 AM

Binance to shut down BUSD lending by October 25

Crypto exchange Binance will cease borrowing and lending services for its native stablecoin Binance USD (BUSD) by October 25.
According to the October 3 announcement, the exchange will close all outstanding BUSD loan and collateral positions by the end of the month.

For  More Information Herehttps://cointelegraph.com/news/binance-shut-down-busd-stablecoin-lending-october-25 (https://cointelegraph.com/news/binance-shut-down-busd-stablecoin-lending-october-25)

What's your opinion about Lending Services for BUSD will be Stopped till 25 October by Binance?