De: terezie casanueva casanuevaspain@icloud.

com
Asunto: Notice Regarding the Removal of BUSD and Conversion of BUSD to FDUSD | Binance Support
Fecha: 30 de noviembre de 2023, 14:02
Para: ICE Luis Casanueva casanuevaspain@yahoo.es

Notice Regarding the Removal of BUSD and

Conversion of BUSD to FDUSD
This is a general announcement. Products and services referred to here may not be available in
your region.

Fellow Binancians,

This is to notify you that as Paxos has halted minting of new BUSD, Binance will cease support for
BUSD products on 2023-12-15. Please be assured that BUSD will always be backed 1:1 by USD.
Paxos has stated that BUSD will remain supported by Paxos and redeemable through at least
February 2024.

Users are encouraged to withdraw or convert their BUSD assets into other available assets on
Binance before 2023-12-15. Users may trade their BUSD balances for FDUSD at zero trading
fees, or convert their BUSD balances to FDUSD on Binance Convert at a 1:1 conversion rate with
zero fees.

From 2023-12-31 03:00 (UTC), BUSD withdrawals will be disabled, and any remaining BUSD
balances in users’ Binance accounts other than users in Japan, France, Italy, Poland and
Kazakhstan will be automatically converted to FDUSD at a 1:1 conversion rate. Thereafter, users
may continue depositing BUSD into Binance and can manually convert their BUSD to FDUSD at a
1:1 conversion rate until further notice.

In addition, collateral assets of Binance-Peg BUSD will also be converted to FDUSD at a 1:1
conversion rate, anticipated to take place around December 2023. A separate announcement will
be posted to notify users when the collateral conversion is fully completed.

The following changes for products involving BUSD will be effected on the dates listed
below:

Spot:

Binance will remove and cease trading on the following spot trading pairs:

From 2023-12-11 03:00 (UTC): AGIX/BUSD, BUSD/BIDR, BUSD/BRL, BUSD/DAI,

BUSD/TRY, EUR/BUSD, FET/BUSD

From 2023-12-13 03:00 (UTC): GALA/BUSD, INJ/BUSD, LINK/BUSD, LUNA/BUSD,

LUNC/BUSD, RUNE/BUSD, SHIB/BUSD, TUSD/BUSD, WBTC/BUSD

From 2023-12-15 03:00 (UTC): ADA/BUSD, ALGO/BUSD, ATOM/BUSD,

AVAX/BUSD, BCH/BUSD, BNB/BUSD, DOGE/BUSD

From 2023-12-15 05:00 (UTC): BTC/BUSD, BUSD/USDT, DOT/BUSD, ETH/BUSD,

FDUSD/BUSD, FTM/BUSD, LTC/BUSD, MATIC/BUSD, NEAR/BUSD, SOL/BUSD,
XRP/BUSD

All open spot orders with respect to the above trading pairs will automatically be closed
when trading ceases in the relevant trading pair.

Binance will terminate Spot Trading Bots services for the aforementioned spot trading pairs
respectively at 2023-12-11 03:00 (UTC), 2023-12-13 03:00 (UTC), 2023-12-15 03:00
 respectively at 2023-12-11 03:00 (UTC), 2023-12-13 03:00 (UTC), 2023-12-15 03:00
(UTC) and 2023-12-15 05:00 (UTC), where applicable. Users are strongly advised to
update and/or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots
services to avoid any potential losses.

Futures & Margin:

BUSD will be removed from Futures and Margin as per the schedule announced here.

Deposits, Withdrawals & Conversions:

From 2023-12-31 03:00 (UTC):

Withdrawals of BUSD (ERC-20) tokens via Ethereum network will cease, and BUSD
withdrawals will no longer be supported. Withdrawals of Binance-Peg BUSD tokens
via BNB Chain, Avalanche, Polygon, Tron and Optimism networks ceased at 2023-
09-07 00:00 (UTC).

Deposits of BUSD and Binance-Peg BUSD via the below networks will be
temporarily suspended. Please ensure that you leave sufficient time for your BUSD
deposits to be fully processed prior to this time.

BNB Smart Chain (BEP20)

BNB Beacon Chain (BEP2)

Ethereum (ERC20)

Tron (TRC20)

Polygon

Optimism

AVAX C-Chain

All BUSD balances in Spot and Funding Wallets will be automatically converted to
FDUSD at a 1:1 conversion rate. The conversion may take approximately 24 hours or
longer. Please note that BUSD held by users in Japan, France, Italy, Poland and
Kazakhstan will not be automatically converted to FDUSD at this time.
Nevertheless, all users are encouraged to withdraw or convert their BUSD assets
into other available assets on Binance before 2023-12-15.

After the conversion, BUSD deposits on the aforementioned networks will be resumed until
further notice. A separate announcement will be posted to notify users when BUSD
deposits will be resumed.

After 2023-12-31 03:00 (UTC), any unprocessed or subsequent deposits of BUSD will
be credited as BUSD. Users can convert BUSD into FDUSD at a 1:1 conversion rate via
Binance Convert with zero fees until further notice.

Convert & OTC:

Moving forward, users can continue converting their BUSD balances to FDUSD at a 1:1
conversion rate using Binance Convert and Binance OTC until further notice.

At 2023-12-15 03:00 (UTC), Convert will delist all BUSD pairs whilst retaining the feature
of converting BUSD to FDUSD at a 1:1 conversion rate.

Please note that the conversion of BUSD to FDUSD at a 1:1 conversion rate will be
temporarily suspended from 2023-12-29 03:00 (UTC) till completion of the
 aforementioned balance conversion event. A separate announcement will be posted to
notify users when the conversion of BUSD to FDUSD at a 1:1 conversion rate resumes.

Please be aware that the 1:1 conversion rate is only applicable for converting BUSD to
FDUSD, and not the other way around.

Loans:

BUSD has been delisted as a collateral asset and loanable asset. At 2023-10-25 07:59
(UTC), Binance Loans (Flexible and Stable Rates) liquidated outstanding loan orders with
BUSD as borrowed asset and collateral asset.

From 2023-12-13 04:00 (UTC), BUSD will be delisted as a collateral asset from VIP Loan.

Earn:

From 2023-12-11 00:00 (UTC), Dual Investment will convert all BUSD open positions to
FDUSD in order to protect users and ensure that all open BUSD positions will settle at a 1:1
conversion rate in the more liquid FDUSD. Leading up to 2023-12-11, Dual Investment will
gradually stop offering all BUSD products with settlement dates after 2023-12-08. This
arrangement will prevail over all previous announcements.

From 2023-12-13 03:00 (UTC), Binance Simple Earn will cease support for BUSD. Simple
Earn Flexible Products for BUSD will no longer be available for subscription and existing
BUSD balances in Simple Earn will be automatically redeemed and credited to users’ Spot
Wallets. Users are strongly encouraged to redeem their assets from BUSD Flexible
Products beforehand.

Card:

From 2023-12-13 03:00 (UTC), BUSD will be delisted as a spend currency for Binance
Card.

Pay

From 2023-11-30 03:00 (UTC), Binance Pay will remove BUSD from the list of supported
cryptocurrencies on Binance Pay Red Packet Creation.

From 2023-12-13 03:00 (UTC), Binance Pay will remove BUSD from the list of supported
cryptocurrencies on other features of Binance Pay.

Gift Card

From 2023-12-13 03:00 (UTC):

Binance Gift Card will stop supporting BUSD redemption.

Any unredeemed BUSD Gift Cards will be redeemable for FDUSD on a 1:1
conversion rate.

We thank you for your support as we continue to build the crypto ecosystem in a way that
promotes transparency and long-term, sustainable growth. Should you have any queries, please
reach out to our Customer Support Team for assistance.

Note:

BUSD balances in Spot and Funding Wallets of users based in Japan, France, Italy,
Poland and Kazakhstan will not be automatically converted to FDUSD on 2023-12-31.
Nevertheless, all such users are encouraged to withdraw or convert their BUSD assets into
other available assets on Binance before 2023-12-15.
 Where any discrepancy arises between the translated versions and the original English
version, the English version shall prevail.

Thanks for your support!

Binance Team

2023-11-29

Note: This announcement was updated on 2023-11-29 to adjust the delisting time for the
FDUSD/BUSD spot trading pair from 2023-12-11 03:00 (UTC) to 2023-12-15 05:00 (UTC).

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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time
and for any reasons without prior notice.

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