In Brief: Binance, the prominent cryptocurrency exchange, has announced the discontinuation of its native stablecoin, Binance USD (BUSD). The decision follows Paxos ceasing the minting of new BUSD coins. Binance has advised users to withdraw or convert their existing BUSD holdings into alternative assets before December 15. The exchange will initiate the process of disabling BUSD withdrawals starting December 31.
Source: CoinTelegraph