newsycanuse

Stablecoin Shuffle: Binance Launches Exciting Trading Pairs, Suspends USDC-BUSD Swap

Shuffle

You are here: Home/ News/ Stablecoin Shuffle: Binance Launches Exciting Trading Pairs, Suspends USDC-BUSD Swap

Binance

Binance, the world’s largest crypto exchange, has announced the launch of several new stablecoin trading pairs. In a blog post, Binance said that it would open trading today for “the BNB/TUSD, BTC/TUSD, ETH/TUSD, TUSD/USDT, USDC/USDT, and USDP/USDT spot trading pairs.”

The company also stated that it has stopped or will stop BUSD auto-conversion for users’ new deposits of USDC, USDP, and TUSD, respectively. Furthermore, users can no longer withdraw USDC, USDP, or TUSD from their BUSD balances.

image 36

To facilitate the transition, Binance has offered a manual conversion option for users who wish to convert their BUSD balances to USDC, USDP, or TUSD at 1:1. The company has also launched two promotional activities for selected spot trading pairs.

According to the blog post, Promotion A is offering zero fees for both makers and takers on the BTC/TUSD spot trading pair and zero fees for makers on the BNB/TUSD and ETH/TUSD spot trading pairs. Promotion B is offering zero trading fees on the TUSD/USDT, USDC/USDT, and USDP/USDT spot trading pairs. 

Both promotions are open-ended, but Binance reserves the right to disqualify trades that appear to be wash trades or involve illegally bulk registered accounts or those that seem to involve self-dealing or market manipulation. 

The blog post also stated that the exchange would measure all trading volume and metrics related to the program at its own discretion. If applicable, the calculation of maker fee and taker fee rebates will be resumed at the end of the promotions, subject to further updates.

Binance Suspends USDC To BUSD Auto-Conversion 

This news comes shortly after Binance announced the temporary suspension of the auto-conversion of USDC to BUSD due to current market conditions. The decision was made in response to high inflows and the increasing burden to support the conversion. 

According to a statement released by the company, this is a normal risk-management procedure as they continue to monitor the situation. Following the announcement, one community member praised Binance’s decision, saying it is a wise move to prevent potential market disruptions. 

The Binance exchange has announced the suspension of $USDC to $BUSD conversion due to market conditions. This is a wise move as accounts holding large amounts of $USDC can buy a lot of $BUSD and then disrupt the order book with market sell orders using their accumulated $BUSD. In… https://t.co/CL4UjQb3MG

— Mika (@TraderMikabot) March 11, 2023

The suspension is necessary as accounts holding large amounts of USDC can buy a lot of BUSD and then disrupt the order book with market sell orders using their accumulated BUSD. 

Related Reading |  KuCoin Caught In Legal Crosshairs: New York Attorney General Takes On

Read More
Mishal Ali

Latest

Acquires

Trivelta Acquires Kerma Games, Expanding Into Proprietary Content and Entertainment IP

0
Trivelta has announced the acquisition of Kerma Games, the iGaming content studio behind a growing portfolio of original and celebrity-led games, as well as a 24/7 live dealer studio that represents one of the company’s strongest differentiators, bringing broadcast-quality production, real dealers and real-time interaction into its wider content offering. Kerma Games has built its
Highlight

Lollapalooza 2026: Highlight Performances From Zara Larsson, Tate McRae, Aespa & Jennie | All Access

0
Billboard gives an inside look at Lollapalooza 2026 in Chicago with highlight performances from Zara Larsson, Tate McRae, JENNIE, Aespa and CORTIS. Aespa  Hi, we’re Aespa  Stella Lefty   I’m Stella Lefty.  CORTIS  What’s good, everybody? This is CORTIS and Juicy J  Juicy J.  Tetris Kelly  We hung out with some of the hottest stars at
Ariana

Ariana Grande has had enough of body comments, but ‘scrutiny’ will linger

0
Three years ago, Ariana Grande made a plea for people not to comment about her body. Responding in a TikTok video to comments about her weight and figure, the pop star and actress told fans there were "many different ways to look healthy and beautiful". Three years on, and the social media speculation about her body and
Ariana

Ariana Grande Clarifies Upcoming Break and Says It Was Planned in Advance: ‘Boundaries, They Need to Be Set’

0
Ariana Grande has spoken out about her upcoming break from her professional career after a representative said that she will step out of the public eye following the conclusion of her “Eternal Sunshine” tour in early September. During her first of three performances at Chicago’s United Center on Monday night, Grande paused at the front

Newsletter

Don't miss

Acquires

Trivelta Acquires Kerma Games, Expanding Into Proprietary Content and Entertainment IP

0
Trivelta has announced the acquisition of Kerma Games, the iGaming content studio behind a growing portfolio of original and celebrity-led games, as well as a 24/7 live dealer studio that represents one of the company’s strongest differentiators, bringing broadcast-quality production, real dealers and real-time interaction into its wider content offering. Kerma Games has built its
Highlight

Lollapalooza 2026: Highlight Performances From Zara Larsson, Tate McRae, Aespa & Jennie | All Access

0
Billboard gives an inside look at Lollapalooza 2026 in Chicago with highlight performances from Zara Larsson, Tate McRae, JENNIE, Aespa and CORTIS. Aespa  Hi, we’re Aespa  Stella Lefty   I’m Stella Lefty.  CORTIS  What’s good, everybody? This is CORTIS and Juicy J  Juicy J.  Tetris Kelly  We hung out with some of the hottest stars at
Ariana

Ariana Grande has had enough of body comments, but ‘scrutiny’ will linger

0
Three years ago, Ariana Grande made a plea for people not to comment about her body. Responding in a TikTok video to comments about her weight and figure, the pop star and actress told fans there were "many different ways to look healthy and beautiful". Three years on, and the social media speculation about her body and
Ariana

Ariana Grande Clarifies Upcoming Break and Says It Was Planned in Advance: ‘Boundaries, They Need to Be Set’

0
Ariana Grande has spoken out about her upcoming break from her professional career after a representative said that she will step out of the public eye following the conclusion of her “Eternal Sunshine” tour in early September. During her first of three performances at Chicago’s United Center on Monday night, Grande paused at the front
allowed

I was allowed into, and quickly pushed out of, One Nation’s ‘Meet The Candidates’ event

0
Pauline Hanson barred reporters from multiple publications from her Melbourne event. Not me, but that didn’t prevent me from having one of the strangest experiences I’ve ever had in journalism. One Nation Senator Hanson waves to fans, shouting protesters, and news cameras upon arriving at the Hawthorn pub hosting a One Nation "Meet the Candidates"
newsycanusehttps://newsycanuse.com

Bright young business brains bring ideas to life

Friday 17 July, 2026 Young Cumbrian entrepreneurs showed off their innovative business ideas, from AI virtual assistants to African food, at two celebration events this week. Fifteen young people from Furness and West Cumbria aged 14 to 25 were selected to take part in the Positive Enterprise programme back in January...
Read more

No, no, no — business travel is not dead. It’s still moving, and rather well at that

Par Bruno COURTIN Published on 7 Aug 2026 - Updated on 7 Aug 2026 3 min reading time According to forecasts from GBTA, the world's leading organisation representing business travel stakeholders, global business travel spending is set to hit a record $1.71 trillion in 2026, while the number of trips is expected to reach 1.84
Read more

How AI is changing the business analyst role for the better

By offering the ability to automate routine note-taking, requirements gathering, and data analysis tasks, AI is helping to make the decisive human side of this key business-IT role more impactful. AI’s impact has been felt across nearly every industry, and its rise has already started to alter several roles in tech, including that of the
Read more