WazirX in India will delist USDC and implement auto-conversion to Binance’s stablecoin

WazirX, India’s largest cryptocurrency exchange by transaction volume, said that it will no longer accept deposits of the stablecoins USDC, USDP, and TUSD and will convert users’ existing balances to Binance’s USD-backed stablecoin BUSD at a 1:1 ratio. WazirX will start auto-conversion on or before October 5 and may alter the list of stablecoins eligible