MIP - Transition Plan to sunset BUSD from Meter Ecosystem

TLDR:

Sunset BUSD from Meter Ecosystem (Meter Network and Meter Passport)

BACKGROUND:

As Paxos has halted the creation of new BUSD tokens post the developments with the SEC, the circulating supply of BUSD will progressively decline to zero. This will be further influenced by an expected wind-down state by February 2024, during which Paxos has confirmed that BUSD redemptions will be honored. Binance encourages users to convert BUSD to other stablecoins prior to February 2024.

Recognizing this trajectory and statements from Binance, it is time for the protocols within the Meter Ecosystem to begin gradually sunsetting BUSD, aligning our strategy with the broader industry response.

TIMELINE:

Voting

In Favor: Agreeing to sunset BUSD from the Meter Ecosystem Against: Opposing to sunset BUSD from the Meter Ecosystem