Binance plans to swap 750 million of token pairs to ensure liquidity

Binance will swap 750 million Tether-Tron pairs for Tether-Ether to bolster the liquidity of the stablecoin. The move follows the SEC’s lawsuit against the world’s largest cryptocurrency exchange, alleging that it inflated trading volumes, put funds in high-risk ventures, and failed to properly register its products. The swap will be direct with the Tether team, and help mitigate losses from the recent regulatory scrutiny. Binance will also cease dollar withdrawal channels by June 13 after the SEC requested a court to freeze its holdings.