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Crypto Pragmatist by M6 Labs
Crypto Pragmatist by M6 Labs
Is Binance forcing users to use $BUSD unethical?
M6 Labs Research

Is Binance forcing users to use $BUSD unethical?

Binance recently announced that it will convert user balances in $USDC, $USDP, and $TUSD to $BUSD automatically

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Maestro
Sep 21, 2022
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Crypto Pragmatist by M6 Labs
Crypto Pragmatist by M6 Labs
Is Binance forcing users to use $BUSD unethical?
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@binance recently announced that it will convert user balances in $USDC, $USDP, and $TUSD to $BUSD automatically

Is this an unethical move by @binance?

Or are they genuinely trying to improve the customer experience?

We expose the hidden truth to you 🧵

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TL;DR

  • binance recently announced that it will convert user balances in U 0.00%↑ SDC, $USDP, and $TUSD to $BUSD automatically

  • BINANCE IS NOT DELISTING $USDC

  • Users of the Binance exchange must be more cautious than ever to prevent their funds from being compromised on the exchange

@binance announced that existing $USDC, $USDP & $TUSD balances in user accounts will be automatically converted to $BUSD.

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