Binance.US has made changes to its terms of service, indicating that it no longer supports withdrawals in US dollars on its platform.

The company has informed customers to convert their holdings of US dollars into other digital assets or stablecoins in order to withdraw funds from their accounts.

The updated terms also state that digital assets do not qualify for coverage by the Federal Deposit Insurance Corporation (FDIC).

These revised terms and conditions differ from the previous version in May 2023, which included information stating that Binance.US's operator, BAM, had partnered with USD custodians to ensure that US dollar deposits were kept in omnibus accounts at FDIC-insured banks.

In the past year, the exchange has temporarily suspended certain operations involving US dollars.