Skip to main content
All CollectionsAnnouncementsLatest News
Binance.US will support the TerraUSD (UST) contract swap & temporarily suspend UST deposits & withdrawals
Binance.US will support the TerraUSD (UST) contract swap & temporarily suspend UST deposits & withdrawals
Updated over a week ago

Binance.US today announced that it will support the TerraUSD (UST) contract swap from “Shuttle” to “Wormhole”. Wormhole V2 is a decentralized cross-chain bridge created by Terra that allows users to seamlessly move assets between the Terra, Solana, Ethereum, and BNB Smart Chain networks.

The previous cross-chain bridge, Shuttle Bridge, will be depreciated. Please note that Binance.US only supports BNB Smart Chain (BEP20) and Ethereum (ERC20) UST deposits and withdrawals.

  • Deposits and withdrawals of BEP20 and ERC20 UST will be temporarily suspended on May 8, 2022 at approximately 7 p.m. PDT / 10 p.m. EDT.

  • Any UST (Shuttle) deposits that are made or in-progress after deposits are suspended will not be credited to your account.

  • Please take into account cryptocurrency deposit processing times to ensure the transaction is confirmed before deposits are suspended.

  • Once the contract swap is complete, UST (Shuttle) will be renamed to WUST, while UST (Wormhole) will retain the previous UST ticker and logo.

  • Deposits for WUST will no longer be supported, while withdrawals will still remain enabled.

Please note:

  • Only deposits and withdrawals of TerraUSD (UST) are affected during the contract swap. The trading of UST will not be affected during this time.

  • Binance.US will implement all applicable technical updates for customers who hold UST in their Binance.US account.

  • We will open the deposits and withdrawals for UST when the network is stable. The estimated timeline is one or more weeks.

  • We will issue a separate announcement once the UST (Shuttle) contract swap for UST (Wormhole) is completed and deposits & withdrawals resume.

For more information on the new UST (Wormhole) smart contract addresses, please refer to the following information:

Learn more about Wormhole V2.

*Update 5/31/22: Binance.US will temporarily delay the TerraUSD (UST) contract swap from “Shuttle” to “Wormhole”. Please see Binance.US Resumes UST Deposits & Withdrawals & Temporarily Delays TerraUSD (UST) Contract Swap for more information.

Did this answer your question?