Coin98 officially announced that Binance has stopped supporting BUSD, and BUSD is one of the fiat-backed stablecoins used as collateral for CUSD. Therefore Coin98 decided to phase out the current version of CUSD. Users can exchange CUSD on BNB Chain, Ethereum and Solana for collateral assets of equal value for free before January 15, 2024, without paying CUSD protocol fees. Before December 15, users can exchange CUSD (BNB Chian) for BUSD.
In addition, Coin98 will also launch a new and improved version of CUSD.