WazirX Delisting USDC, USDP & TUSD: What You Need to Know
WazirX, a leading Indian cryptocurrency exchange, has announced it will delist USD Coin (USDC), Pax Dollar (USDP) and TrueUSD (TUSD). This decision, announced on September 19, 2025, has significant implications for WazirX users holding these stablecoins.
Key Dates and Actions:
- Deposits Stopped: WazirX has already stopped deposits of USDC, USDP, and TUSD, and will not support any new deposits.
- Delisting Date: WazirX is delisting stablecoins USDC, USDP, and TUSD on September 26, 2025. The exchange said it will delist their spot markets.
- Withdrawal Deadline: WazirX will continue supporting withdrawals of USDC, USDP, and TUSD until 5 p.m IST (8:30 am EST) on September 23, 2025.
- Auto-Conversion to BUSD: WazirX will implement BUSD auto-conversion for users’ existing balances of USDC, USDP and TUSD at a 1:1 ratio on October 5, 2025. Existing balances will be converted automatically to BUSD at a 1:1.
Why is WazirX Delisting These Stablecoins?
WazirX states the move is to enhance liquidity and capital efficiency for users. WazirX will auto-convert USDC, USDP, and TUSD to Binance USD (BUSD).
What Should WazirX Users Do?
If you hold USDC, USDP, or TUSD on WazirX, you have two options:
- Withdraw your funds: You can withdraw your USDC, USDP, or TUSD to another exchange or wallet before the withdrawal deadline on September 23, 2025.
- Allow Auto-Conversion: Your holdings will be automatically converted to BUSD at a 1:1 ratio on October 5, 2025.
It's crucial to act before the deadlines to ensure a smooth transition. Stay informed about the latest announcements from WazirX regarding this delisting.