WazirX, one of India’s largest crypto exchanges, has announced that the platform has stopped deposits of USDC, USDP, and TUSD and will not support any further new deposits. The decision is made to enhance liquidity and capital efficiency for users. Additionally, the exchange informed that it would implement BUSD Auto-Conversion for users’ existing balances of USDC, USDP, and TUSD stablecoins at a 1:1 ratio. WazirX will support USDC, USDP, and TUSD withdrawals until September 23, 2022. Moreover, USDC, USDP, and TUSD spot market pairs will be delisted at 07:30 AM IST on September 26, 2022. 📢 Support for USDC, USDP & TUSD 👉 WazirX has stopped deposits of USDC, USDP & TUSD👉 WazirX will support withdrawals till 23rd Sept 2022, 5 PM IST👉 26th Sept 2022, 7:30 AM IST: WazirX will delist USDC/USDT, USDP/USDT & TUSD/USDT More info 👇https://t.co/NVAcjahLAz — WazirX: India Ka Bitcoin Exchange (@WazirXIndia) September 19, 2022 More Updates From WazirX After delisting, USDC, USDP, or TUSD balances in user accounts will be instantly converted to BUSD. By October 5, auto-conversion will be completed. Users can withdraw USDC, USDP, or TUSD from their BUSD accounts at a 1:1 ratio after the auto-conversion is finished. WazirX may change the list of stablecoins that are suitable for auto-conversion. Users can see their USDC, USDP, and TUSD balances when the conversion is finished under the BUSD-denominated account balance. WazirX is not the ...
