TrueUSD has issued an urgent notice regarding the impending decommissioning of the BNB Beacon Chain. According to the official announcement from BNB Chain, the decommissioning is set to take place by the end of June, resulting in the delisting of all assets associated with it. This includes BEP2-TUSD (TUSDB) tokens which were previously issued on the BNB Beacon Chain.

To safeguard against any potential loss of assets, TrueUSD is urging all BEP2-TUSD holders to convert their tokens into TUSD tokens of other network standards as soon as possible. Here are two options available for BEP2-TUSD holders:

Seamless Conversion Process on Binance: TrueUSD’s Preferred Route

TrueUSD highly recommends this option. Users can now deposit their BEP2-TUSD tokens onto Binance for conversion. This option is available until March 31. Once deposited, users can freely trade or use their tokens for other products offered by Binance. Upon withdrawal, users will need to select TUSD tokens of other networks, including ERC20, BEP20, or TRC20 standards.

Direct Redemption Path: Secure Asset Recovery via TrueUSD Platform

As BEP2-TUSD is a native token issued by TUSD, holders have the option to redeem their tokens directly through website. This option is available until May 31. Users who have registered TUSD accounts and completed the KYC verification process can redeem their BEP2-TUSD assets through the official website.

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It’s important to note that Option One will expire after March 31, and Option Two after May 31. BEP2-TUSD holders are urged to take prompt action to avoid any potential loss of assets.

TrueUSD (TUSD) is a USD pegged stablecoin with on-chain attestations by independent third-party institutions. It’s listed on over 100 trading platforms including Binance and Huobi, and operates on 10+ mainstream public chains such as Ethereum, TRON, and Avalanche. TUSD is audited daily by MooreHK, a leading accounting firm, and utilizes Chainlink’s Proof-of-Reserve for enhanced security and transparency. Notably, TUSD was granted statutory status as an authorized digital currency and medium of exchange in the Commonwealth of Dominica on October 7, 2022.