On September 19, WazirX, one of the exchanges India's leading, has announced the delisting of USDC of the , of Paxos and TrueUSD (TUSD), effective September 26, following in the footsteps of .

WazirX delist & 2 TUSD

Follow declare, money-saved account , USDP and TUSD have been suspended. In addition, users will have to withdraw their funds by October 5 or they will be automatically converted to BUSD – just like did.

“Auto-conversion will be done on or before October 5. Upon completion of Auto Conversion, users will be able to withdraw USDC, USDP or TUSD at a 1:1 ratio from their BUSD balance.”

of the will still be supported.

According to WazirX, the delisting of USDC, USDP, and TUSD aims to enhance liquidity and capital efficiency for users, a claim similar to what Binance recently made when delisting similar stablecoins.

Like Binance, WazirX ended its statement by pointing out that it could include other key stablecoins. However, the exchange did not provide further information on the matter.

The relationship between Binance and WazirX is complicated. On its official website, WazirX claims it is affiliated with the Binance team, so this decision may be in the interest of Binance to make BUSD one of the most important stablecoins in the ecosystem, increased its market capitalization, currently at around $20.52 billion.

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However, before that, Binance CEO Changpeng Zhao (CZ) said on Twitter that his exchange didn't "acquire" WazirX due to payment issues, so the decision to delist (at least in theory) ) will have nothing to do with Binance, although the exchange offers wallet services for WazirX, as well as off-chain trading solutions to help users save on network fees.

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