Binance is going to totally remove USDC and convert it to BUSD from September 29th. Seems like a try for monopoly...

In a recent statement Binance has confirmed to remove the stablecoin USDC completly as a tradable asset from their exchnage. The people who hold USDC (or USDP and TUSD) will have it converted to their own stablecoin BUSD. This will happen from September 29th onwards.

I honestly do t know how to feel about it. Every stablecoin has its flaws in crypto and it has been shown that they are very not-stable. But still USDC seemed like a good option out of all thses scams with the most backing probably. Removing that leaves you with just USDT and BUSD now.

Which clearly shows that this is a stunt to promote their own BUSD making it kind of a a try to establish a monopoly for the stablecoins as you will simply not have any other choice.