> open event/sog_ev_busd_2023_08_binance_phaseout
Binance announces gradual BUSD support phase-out
Binance announced a gradual phase-out of BUSD support across products. SOG records this as exchange-support lifecycle context, separate from Paxos issuer redemption.
Impacthigh
Sources1
Binance USD
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Paxos
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| Date | 2023-08-31 |
|---|---|
| Type | exchange_phaseout |
| Stablecoin | Binance USD (BUSD) |
| Issuer | Paxos |
| Impact | high |
| Status effect | discontinued_context |
| Recovered | — |
| Recovery date | — |
| Failure / mechanism | exchange_support_phaseout |
| Confidence | medium |
| Sources | 1 |
| Source | Publisher | Type |
|---|---|---|
| Binance will gradually cease support for BUSD products | Binance | exchange_notice |
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