WazirX will favor BUSD, deprecating deposit support for USDC, USDP, and TUSD stablecoins, after an announced deadline.
Existing balances will be converted automatically to BUSD at a 1:1 ratio after October 5th.Withdrawal support for USDC, USDP, and TUSD will discontinue at 5 p.
The decision to transition to greater BUSD support comes after WazirX and Binance last month got into a public spat over the Indian firm's ownership. The dispute, which was precipitated by a money-launderingA 2019 blog post from Binance indicated it had purchased the Indian firm, but Binance co-founder and CEO Changpeng Zhao said after the Indian probe news that his firm never completed the acquisition. WazirX founder Nischal Shetty© 2022 The Block Crypto, Inc. All Rights Reserved.
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