WazirX to auto-convert USDC stablecoin into BUSD, prepares to delist USDC

  • WazirX announced it would delist USD Coin, Pax Dollar and TrueUSD, and would auto-convert users’ existing balances on those three stablecoins into BUSD, the stablecoin developed by Binance.
  • The exchange detailed that it will freeze withdrawals of USDC, USDP, and TUSD after 5 PM IST on September 23, followed by delisting spot market pairs for all three stablecoins on September 26.