Binance has announced plans to convert several cryptocurrencies, including Bitcoin Gold (BTG) and Monero (XMR), into USDC.
This significant change will affect a total of 15 tokens.
The conversion process will begin on September 2, 2024, and will be based on the average exchange rate between that date and March 1, 2025. Users will receive an equivalent amount of USDC for their holdings in the affected tokens.
Binance aims to simplify its platform and manage risk through this conversion process.
Users are advised to carefully review the announcement and take necessary actions before the deadlines.