BNB Beacon Chain Decommission — Action Required for BEP2-TUSD Holders

TrueUSD
2 min readFeb 6, 2024

Dear users,

According to the BNB Chain’s official announcement, the BNB Beacon Chain is scheduled to be decommissioned at the end of June, with all its assets delisted at the same time. As BEP2-TUSD (TUSDB) was previously issued on the BNB Beacon Chain following its token standard, we are now calling on all TUSDB holders to convert their BEP2-TUSD into TUSD tokens of other network standards at the earliest time possible to prevent any asset loss. Below are two exit routes for your reference:

Option One: Conversion via Binance

This is the option recommended by the TUSD team. BEP2-TUSD deposits are now available on Binance, and before the closure around June (with the specific details to be based on the exchange’s official announcement), users are able to deposit their BEP2-TUSD tokens onto Binance for conversion. Tokens deposited can be used for trading or other Earn products. Users do not need to take any further action after the deposit, except to select TUSD tokens of other networks upon withdrawal. Binance currently supports the TUSD of ERC20, BEP20, and TRC20 standards.

Option Two: Redemption via TUSD’s official website

As BEP2-TUSD is a native token issued by TUSD, holders are entitled to redeem their tokens via the official website of TUSD. Users who have signed up for TUSD accounts and successfully passed the KYC verification can redeem their BEP2-TUSD assets through the official website of TUSD (app.tusd.io) by April 30. Before you redeem your assets, please contact support@trueusd.com for our one-to-one customer service.

The first option will become invalid around June and the second after April 30; please take action promptly to avoid asset loss.

For more information, please see:

BEP2-TUSD page on BNB Beacon Chain Explorer: https://explorer.bnbchain.org/asset/TUSDB-888

Details about the Beacon Chain Fusion: https://www.bnbchain.org/en/bnb-chain-fusion

TUSD Team

February 6, 2024

About TrueUSD

TrueUSD (TUSD) is the first USD pegged stablecoin with live on-chain attestations by independent third-party institutions. It has been listed on 100+ trading platforms such as Binance and Huobi, and is live on 10+ mainstream public chains including Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon. TUSD is attested daily by MooreHK,a global leading accounting firm, and integrated with Chainlink’s industry leading Proof of Reserve to secure minting and further ensure transparency and reliability. TUSD was granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica on October 7th 2022.

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TrueUSD

TUSD is the world’s most trusted stablecoin, fully backed by USD and independently attested live and on-chain, now moving billions of dollars around the world.