Crypto Exchange WazirX Will Stop Accepting Deposits in USDC, USDP and TUSD
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Indian cryptocurrency exchange WazirX will stop accepting deposits in USDC, USDP and TUSD stablecoins and will delist the trading pairs associated with them starting September 26.
On October 5, users’ current stablecoin balances will be converted to BUSD at a 1:1 ratio.
It should be noted that the withdrawal of USDC, USDP and TUSD will be available until September 23.
The platform has made this decision due to “the desire to increase liquidity and efficiency in the use of capital.”
The company has warned:
“WazirX may make changes to the list of stablecoins eligible for automatic conversion.”
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