Binance’s official announcement stated that in order to improve users’ liquidity and capital usage efficiency, Binance will automatically convert users’ existing USDC, USDP, TUSD stablecoin balances and new deposits to BUSD at a ratio of 1:1. From 11:00 on September 29, 2022 (East Eighth District Time), users will trade on the Binance platform using the combined BUSD balance, which is the following four stablecoins (BUSD, USDC, USDP, and TUSD) after conversion . Users can withdraw USDC, USDP and TUSD assets at a ratio of 1:1 at any time.