TechFlow news: Coin98 announced on Twitter that, given Binance has ceased support for BUSD—and since BUSD is one of the collaterals backing CUSD—it will gradually phase out support for the current version of CUSD. Users can exchange CUSD on BNB Chain, Ethereum, and Solana for equivalent collateral assets free of charge before January 15, 2024, without incurring any CUSD protocol fees. Until December 15, 2023, users may also convert CUSD on BNB Chain into BUSD, and then exchange BUSD for other available assets on Binance. Additionally, Coin98 will launch a new version of CUSD.
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