Binance to Convert Specific Tokens to USDC for Users by April 2025

CoinMarketCap2024-10-08

Binance has announced its plan to convert users’ holdings of several tokens into USDC (USD Coin). This process will take place based on a snapshot of users’ Binance wallet balances at 00:00 (UTC) on ...

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This process will take place based on a snapshot of users’ Binance wallet balances at 00:00 (UTC) on ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/6704e1ca8bf6dc1ad94d883a/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/6704e1ca8bf6dc1ad94d883a/","article_id":"2473044411","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/ba88086ea07c40fabdc169bca366d9db.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473044411","pubTimestamp":1728373192,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Binance has announced its plan to convert users’ holdings of several tokens into USDC . This process will take place based on a snapshot of users’ Binance wallet balances at 00:00  on October 29, 2024.The conversion will be completed, and equivalent USDC amounts will be credited to users’ wallets by 23:59  on April 28, 2025.The following tokens are affected by the conversion:. Notification: All users holding these tokens will receive an email notification from Binance by October 15, 2024, explaining the process.Deposits Disabled: Deposits for these tokens are no longer supported. Any attempts to deposit these tokens will not be credited to user accounts.During the six-month Conversion Period, users will not be able to view the impacted tokens in their wallets. 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This process will take place based on a snapshot of users’ Binance wallet balances at 00:00 (UTC) on October 29, 2024.\n The conversion will be completed, and equivalent USDC amounts will be credited to users’ wallets by 23:59 (UTC) on April 28, 2025.\nImpacted Tokens:\nThe following tokens are affected by the conversion:\n\nVai (VAI)\nTornado Cash (TORN)\nOMG Network (OMG)\nWaves (WAVES)\nNEM (XEM)\nBarnBridge (BOND)\nDock (DOCK)\nMdex (MDX)\nPolkastarter (POLS)\nPundi X PURSE (PURSE)\n\nKey Dates and Information:\n\nWithdrawal Deadline: Users may withdraw these tokens from their Binance wallets before 23:59 (UTC) on October 28, 2024. After this date, withdrawals will no longer be supported.\nConversion Period: The conversion will occur between October 29, 2024, and April 28, 2025, with the final USDC credited based on the average token-to-USDC exchange rate during this time.\nNotification: All users holding these tokens will receive an email notification from Binance by October 15, 2024, explaining the process.\nDeposits Disabled: Deposits for these tokens are no longer supported. Any attempts to deposit these tokens will not be credited to user accounts.\n\nDuring the six-month Conversion Period, users will not be able to view the impacted tokens in their wallets. 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