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Stablecoins enjoy the privilege of being one of the most traded types of cryptocurrencies by the virtue of their application. For a long time in recent past, a few major stablecoins enjoyed the pole position in the category. But the Binance BUSD auto conversion has certainly brought about a sea change in stablecoin scene. The auto conversion announcement itself came as a shocker to a section of the crypto community.
On September 6, top crypto exchange Binance said it was introducing the auto conversion for existing balances on the platform. It said existing balances of users on the platform would be auto converted. Also, it said all new deposits of USDC, USDP and TUSD stablecoins would be converted. Meanwhile, Binance exchange token BUSD might not be the only cryptocurrency that i
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