Binance to delist Pax Dollar spot trading on Sept. 24

  • Binance will delist Pax Dollar spot trading at 03:00 UTC on Sept. 24.
  • Binance will stop crediting USDP deposits at 03:00 UTC on Sept. 25.
  • Binance will process USDP withdrawals until 03:00 UTC on Nov. 24.

Binance will end Pax Dollar, or USDP, spot trading at 03:00 UTC on Sept. 24 after the stablecoin failed its periodic listing review. The exchange is removing support in stages across One-Click Buy and Sell, margin, lending, payments, mining, Earn, copy trading, conversion and gift-card services. Deposits will stop being credited on Sept. 25, while withdrawals will remain available until 03:00 UTC on Nov. 24, subject to network availability. Binance said it may convert balances left on the platform into another stablecoin from Nov. 25, but has not identified an asset or guaranteed a conversion rate. Paxos says USDP remains redeemable one-for-one for U.S. dollars, with reserves in cash and cash equivalents.

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