Binance has completed the conversion of BUSD token balances to FDUSD for eligible users.
Users may confirm the receipt of FDUSD tokens by checking their Distribution History or Conversion History page.
All eligible BUSD balances in users’ Spot and Funding Wallets were converted to FDUSD at a 1:1 conversion rate.
Deposits for BUSD tokens have fully resumed. Users may continue depositing BUSD tokens.
Successful BUSD token deposits will be converted to FDUSD at a 1:1 conversion ratio for eligible users on a daily basis during weekdays, and may be paused without prior notice.
Alternatively, users may manually swap these BUSD tokens for FDUSD tokens at a 1:1 conversion rate on Binance Convert until further notice.
Withdrawals for BUSD tokens are no longer supported.
As Paxos has halted minting of new BUSD, Binance has informed its clients that it will gradually cease support for BUSD products.
