To keep the stablecoin's liquidity, Binance tweeted that it would exchange 750 million tether-tron token pairings for tether-ether.

The decision was made in the midst of increased regulatory scrutiny at the biggest cryptocurrency exchange in the world, and it will lessen some of the effects of recent setbacks, such as Binance being sued by the US Securities and Exchange Commission.

The biggest stablecoin that tries to keep a 1:1 peg with the dollar is called Tether. Tron, which has a market value of $6.3 billion, is the ninth-biggest cryptocurrency, whereas ether, which has a market value of $210 billion, is the largest cryptocurrency after bitcoin.

The SEC filed a lawsuit against Binance, its CEO and founder Changpeng Zhao, and Binance last week.In 13 allegations, the US operation accused Binance of using a 'web of deception', inflating trading volumes, stealing customer funds, and surreptitiously controlling the US corporation while ostensibly stating that it was independent.

The SEC said in a court statement submitted on June 5 that the business engaged in a "web of deception" that included mixing customer money and artificially inflating its trading volume.

A separate charge made by the SEC was that Binance created separate US organizations "as part of an elaborate scheme to evade US federal securities laws."

Instead of admitting to combining client deposits with business funds, Binance claimed that customers who sent money to the account were instead buying its own dollar-linked cryptocurrency token.

As of June 13, it will also stop all dollar withdrawal channels after the SEC asked a judge to freeze its assets. Last week, Binance stated.

The following day, trading platform Robinhood Markets said that it was removing three cryptocurrency tokens that the SEC had deemed to be securities in its complaint against Binance.

In March, the SEC filed a fraud complaint against Justin Sun, the founder of the Tron Foundation. The US division of Binance said a month later that it will withdraw the digital asset token tron from its trading platform.