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Binance will convert delisted tokens to USDC starting September 2, 2024. Affected tokens include BTG, BTCST, and XMR. Users must withdraw tokens before September 1, 2024, and conversions will be completed by March 1, 2025.
A new policy proposal urges the Hong Kong government to issue a stablecoin pegged to the Hong Kong dollar to compete with USDT and USDC. A government-backed stablecoin would reduce costs, improve payment systems, aid de-dollarization and strengthen Hong Kong’s fintech capabilities, the document claims.
For the crypto industry, as the industry continues to develop, more unforeseeable risks will continue to emerge. What we need to do is to face up to the risks and better manage them.
Coinbase is issuing a warning to its customers, advising them to convert their Tether (USDT) stablecoin holdings into USD Coin (USDC).
Binance has announced that it will automatically convert USDC, Pax Dollar (USDP), and TrueUSD (TUSD) to Binance USD (BUSD); this feature will come into effect from Sep 29.
Smart contracts will automatically allocate part of the transaction fees on the Algorand blockchain to purchase carbon credits on ClimateTrade, a carbon offset marketplace.