Binance Announces Automatic Conversion of Certain Altcoins to USDC
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Binance has announced that it will be automatically converting certain altcoins to USDC. This conversion means that users who hold these altcoins need to withdraw them by September 1, 2024, if they do not want their holdings automatically transferred to USDC.
This move signifies a strategic step by Binance to streamline its operations and possibly reduce the number of tokens it supports. Users are advised to check the list of affected altcoins and take necessary actions to protect their investments.
Source: en.coin-turk.com ↗
