Event record
Record sog_ev_busd_2023_08_binance_phaseout
Binance begins phasing out BUSD support
Binance announced that support for BUSD would be removed gradually across its products, separate from redemption arrangements offered by Paxos.
- Date
- 2023-08-31
- Category
- Wind-down and termination
- Subtype
- Exchange Phaseout
- Status effect
- Historical context only
- Recovery
- Not applicableNot yet recorded
- Evidence
- 1 source record1 relations
Identity and classification
Overview
Date, taxonomy, impact, recovery, mechanism, confidence, and evidence remain separate.| Date | 2023-08-31 |
|---|---|
| Public event category | Wind-down and termination |
| Canonical event subtype | Exchange Phaseout |
| Structured detail kind | Migration |
| Stablecoin subjects | Binance USD |
| Organization subjects | Paxos |
| Impact | High |
| Effect on stablecoin lifecycle | Historical context only |
| Canonical status-effect value | Discontinued Context |
| Recovery or reversal | Not applicable |
| Recovery date | Not Applicable |
| Cause or mechanism | Exchange support phase-out context, separate from issuer redemption. |
| Structured detail coverage | Structured fields available below |
| Record confidence | Medium |
- Date
- 2023-08-31
- Public category
- Wind-down and termination
- Canonical subtype
- Exchange Phaseout
- Structured detail kind
- Migration
- Impact
- High
- Status effect
- Historical context only
- Recovery
- Not applicable
- Recovery date
- Not yet recorded
- Cause or mechanism
- Exchange support phase-out context, separate from issuer redemption.
- Record confidence
- Medium
Affected records
Subjects
Stablecoin and organization subjects remain separate record groups.Binance USD
Open the stablecoin dossier for current state, organizations, deployments, evidence, and unknowns.
Paxos
Open the organization record for roles, relationships, events, evidence, and unknowns.
Typed record
Structured detail
Event-type-specific facts remain visible with explicit value states.| Migration detail — Summary | Exchange support phase-out context, separate from issuer redemption. |
|---|
- Migration detail — Summary
- Exchange support phase-out context, separate from issuer redemption.
Provenance
Evidence
Source identity, publisher, publication date, reliability, archive, and relation count remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| Binance BUSD support phase-out notice Published 2023-08-31 | Binance | Official statement or announcement Canonical: Exchange Notice | Subject-controlled source | Primary source | Exchange Support Phaseout, Exchange adoption | No archive recorded | Medium |
Binance BUSD support phase-out notice
- Publisher
- Binance
- Published
- 2023-08-31
- Reliability
- Medium
- Relations
- 1
Maintenance