diff --git a/deploy/004-single-token-converter.ts b/deploy/004-single-token-converter.ts
index aeb68d66..a3670dae 100644
--- a/deploy/004-single-token-converter.ts
+++ b/deploy/004-single-token-converter.ts
@@ -108,5 +108,6 @@ const func: DeployFunction = async function (hre: HardhatRuntimeEnvironment) {
 };
 
 func.tags = ["SingleTokenConverter", "Converters"];
+func.id = "xvs-and-prime-converters"; // id required to prevent re-execution
 
 export default func;
diff --git a/deploy/007-single-token-converter.ts b/deploy/007-single-token-converter.ts
new file mode 100644
index 00000000..d3bf248b
--- /dev/null
+++ b/deploy/007-single-token-converter.ts
@@ -0,0 +1,39 @@
+import { parseUnits } from "ethers/lib/utils";
+import { ethers } from "hardhat";
+import { DeployFunction } from "hardhat-deploy/types";
+import { HardhatRuntimeEnvironment } from "hardhat/types";
+
+import { ADDRESS_ONE } from "../helpers/utils";
+
+const MIN_AMOUNT_TO_CONVERT = parseUnits("10", 18).toString();
+
+const func: DeployFunction = async function (hre: HardhatRuntimeEnvironment) {
+  const { deployments, getNamedAccounts } = hre;
+  const { deploy } = deployments;
+  const { deployer } = await getNamedAccounts();
+
+  const usdcAddress = (await ethers.getContractOrNull("USDC"))?.address || ADDRESS_ONE;
+
+  const acmAddress = (await ethers.getContractOrNull("AccessControlManager"))?.address || ADDRESS_ONE;
+  const oracleAddress = (await ethers.getContractOrNull("ResilientOracle"))?.address || ADDRESS_ONE;
+  const singleTokenConverterBeacon = await ethers.getContract("SingleTokenConverterBeacon")!;
+
+  const SingleTokenConverter = await ethers.getContractFactory("SingleTokenConverter");
+
+  const destinationAddress = (await ethers.getContractOrNull("VTreasury"))?.address || ADDRESS_ONE;
+
+  const args: string[] = [acmAddress, oracleAddress, destinationAddress, usdcAddress, MIN_AMOUNT_TO_CONVERT];
+
+  await deploy("USDCTreasuryConverter", {
+    from: deployer,
+    contract: "BeaconProxy",
+    args: [singleTokenConverterBeacon.address, SingleTokenConverter.interface.encodeFunctionData("initialize", args)],
+    log: true,
+    autoMine: true,
+  });
+};
+
+func.tags = ["SingleTokenConverter"];
+func.id = "usdc-treasury-converter"; // id required to prevent re-execution
+
+export default func;
diff --git a/deployments/bscmainnet/.migrations.json b/deployments/bscmainnet/.migrations.json
new file mode 100644
index 00000000..16bb81fc
--- /dev/null
+++ b/deployments/bscmainnet/.migrations.json
@@ -0,0 +1,3 @@
+{
+  "xvs-and-prime-converters": true
+}
diff --git a/yarn.lock b/yarn.lock
index 2ee1ee29..603d35f1 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -3146,7 +3146,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@venusprotocol/governance-contracts@npm:^1.4.0-dev.1":
+"@venusprotocol/governance-contracts@npm:^1.4.0, @venusprotocol/governance-contracts@npm:^1.4.0-dev.1":
   version: 1.4.0
   resolution: "@venusprotocol/governance-contracts@npm:1.4.0"
   dependencies:
@@ -3206,7 +3206,42 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@venusprotocol/protocol-reserve@^2.0.0, @venusprotocol/protocol-reserve@workspace:.":
+"@venusprotocol/protocol-reserve@npm:^1.1.0, @venusprotocol/protocol-reserve@npm:^1.4.0":
+  version: 1.5.0
+  resolution: "@venusprotocol/protocol-reserve@npm:1.5.0"
+  dependencies:
+    "@nomiclabs/hardhat-ethers": ^2.2.3
+    "@openzeppelin/contracts": ^4.8.3
+    "@openzeppelin/contracts-upgradeable": ^4.8.3
+    "@openzeppelin/hardhat-upgrades": ^1.21.0
+    "@solidity-parser/parser": ^0.13.2
+    "@venusprotocol/solidity-utilities": ^1.3.0
+    ethers: ^5.7.0
+    hardhat-deploy: ^0.11.14
+    module-alias: ^2.2.2
+  checksum: 813bc162103ab756e84bbb0e65fd416ed105cb4a06f9fe55d4a2a066af5bd63b11ca9f2c791376148114ce2b469970c8fe29c85ee1d47f9da9841f2eac8b01e0
+  languageName: node
+  linkType: hard
+
+"@venusprotocol/protocol-reserve@npm:^2.0.0":
+  version: 2.2.0
+  resolution: "@venusprotocol/protocol-reserve@npm:2.2.0"
+  dependencies:
+    "@nomiclabs/hardhat-ethers": ^2.2.3
+    "@openzeppelin/contracts": ^4.8.3
+    "@openzeppelin/contracts-upgradeable": ^4.8.3
+    "@openzeppelin/hardhat-upgrades": ^1.21.0
+    "@solidity-parser/parser": ^0.13.2
+    "@venusprotocol/solidity-utilities": ^2.0.0
+    "@venusprotocol/venus-protocol": ^7.5.0
+    ethers: ^5.7.0
+    hardhat-deploy: ^0.11.14
+    module-alias: ^2.2.2
+  checksum: ae875b95c1adabcc73ca52f74bf3f875c15e8a29cc6cbdf08038542692e5c397d986424194f1e1819659b0bc17d53770e75e7f74304ecbee24e9e84dd4ef79ed
+  languageName: node
+  linkType: hard
+
+"@venusprotocol/protocol-reserve@workspace:.":
   version: 0.0.0-use.local
   resolution: "@venusprotocol/protocol-reserve@workspace:."
   dependencies:
@@ -3268,23 +3303,6 @@ __metadata:
   languageName: unknown
   linkType: soft
 
-"@venusprotocol/protocol-reserve@npm:^1.1.0":
-  version: 1.5.0
-  resolution: "@venusprotocol/protocol-reserve@npm:1.5.0"
-  dependencies:
-    "@nomiclabs/hardhat-ethers": ^2.2.3
-    "@openzeppelin/contracts": ^4.8.3
-    "@openzeppelin/contracts-upgradeable": ^4.8.3
-    "@openzeppelin/hardhat-upgrades": ^1.21.0
-    "@solidity-parser/parser": ^0.13.2
-    "@venusprotocol/solidity-utilities": ^1.3.0
-    ethers: ^5.7.0
-    hardhat-deploy: ^0.11.14
-    module-alias: ^2.2.2
-  checksum: 813bc162103ab756e84bbb0e65fd416ed105cb4a06f9fe55d4a2a066af5bd63b11ca9f2c791376148114ce2b469970c8fe29c85ee1d47f9da9841f2eac8b01e0
-  languageName: node
-  linkType: hard
-
 "@venusprotocol/solidity-utilities@npm:2.0.0, @venusprotocol/solidity-utilities@npm:^2.0.0":
   version: 2.0.0
   resolution: "@venusprotocol/solidity-utilities@npm:2.0.0"
@@ -3299,7 +3317,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@venusprotocol/solidity-utilities@npm:^1.3.0":
+"@venusprotocol/solidity-utilities@npm:^1.2.0, @venusprotocol/solidity-utilities@npm:^1.3.0":
   version: 1.3.0
   resolution: "@venusprotocol/solidity-utilities@npm:1.3.0"
   checksum: d1109365a5e01959c47b25fb129373db93792e60bf1bc0ed324b63c2a64f6e4a7878ebf016cfade94bc41a2c1245d3e861fdc6b8c5844ac210ed1d73e7307e72
@@ -3313,6 +3331,21 @@ __metadata:
   languageName: node
   linkType: hard
 
+"@venusprotocol/token-bridge@npm:^1.1.0":
+  version: 1.1.0
+  resolution: "@venusprotocol/token-bridge@npm:1.1.0"
+  dependencies:
+    "@layerzerolabs/solidity-examples": ^1.0.0
+    "@openzeppelin/contracts": ^4.8.3
+    "@openzeppelin/contracts-upgradeable": ^4.8.3
+    "@openzeppelin/hardhat-upgrades": ^1.21.0
+    "@solidity-parser/parser": ^0.13.2
+    ethers: ^5.7.0
+    module-alias: ^2.2.2
+  checksum: 86c0e758491b63ce7da57aacf764a4d040a54fdc89994c92a79363e4cbb33b84cd1db38630e76cbcc26f6f7a5a676b3ac96871ad98486701982ea4699bdc15f1
+  languageName: node
+  linkType: hard
+
 "@venusprotocol/token-bridge@npm:^2.0.0":
   version: 2.1.0
   resolution: "@venusprotocol/token-bridge@npm:2.1.0"
@@ -3343,6 +3376,24 @@ __metadata:
   languageName: node
   linkType: hard
 
+"@venusprotocol/venus-protocol@npm:^7.5.0":
+  version: 7.5.0
+  resolution: "@venusprotocol/venus-protocol@npm:7.5.0"
+  dependencies:
+    "@nomicfoundation/hardhat-ethers": ^3.0.0
+    "@openzeppelin/contracts": 4.9.3
+    "@openzeppelin/contracts-upgradeable": ^4.8.0
+    "@venusprotocol/governance-contracts": ^1.4.0
+    "@venusprotocol/protocol-reserve": ^1.4.0
+    "@venusprotocol/solidity-utilities": ^1.2.0
+    "@venusprotocol/token-bridge": ^1.1.0
+    bignumber.js: ^9.1.2
+    dotenv: ^16.0.1
+    module-alias: ^2.2.2
+  checksum: 0a39304b6f2e0db05a20dacf6d678f3245be878a121e7d1ddeb503c28974dea9cbec0228be3d03f77abb97d1adb8e6e8ad8708cb730a5833e62c4e6735fb6eea
+  languageName: node
+  linkType: hard
+
 "@venusprotocol/venus-protocol@npm:^9.1.0":
   version: 9.1.0
   resolution: "@venusprotocol/venus-protocol@npm:9.1.0"