Gate Supports Worldwide USD (WUSD) Token Migration

According to the Worldwide USD (WUSD) project team, Worldwide USD (WUSD) tokens will be migrated to a new ID at a ratio of 1:1. Gate will support this migration and provide seamless token swap services for users. If you currently hold Worldwide USD (WUSD) on Gate, no action is required on your part.

Details:

1. Gate will suspend the deposit and withdrawal services for Worldwide USD (WUSD) starting from December 21, 2024, 06:00 UTC.
2. After the swap, Gate will resume the deposit and withdrawal services for new Worldwide USD (WUSD) tokens.
3. User trading activities will continue uninterrupted during the token swap period.
4. New Worldwide USD (WUSD) token ID: 0x7cd017ca5ddb86861fa983a34b5f495c6f898c41 (ETH)

It is important to note that the new Worldwide USD (WUSD) token has the risk of unlimited token issuance. Additionally, Gate will no longer support the old Worldwide USD (WUSD). The deposit and withdrawal services for the new Worldwide USD (WUSD) tokens will be supported after the swap.

Official Source: https://medium.com/WSPN/a-new-era-of-wusd-revolutionizing-stablecoins-with-unmatched-security-stability-and-next-gen-d338feb7491a

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Gate Team
December 20th, 2024