Binance, Issuer of Third Largest Stablecoin BUSD, To Discontinue Support for Second Largest USDC

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The killing-competition dept has a post by msmash.

Binance, the issuer of the world's third largest stablecoin, said on Monday it will convert customers' holdings in three rival stablecoins USDC, USDP and TUSD into its own stablecoin on September 29 to "enhance liquidity and capital-efficiency for users" in a move that has baffled many enthusiasts. USDC is the world's second largest stable coin, whereas BUSD is the third largest.

Slashdot posted this.

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