The wallet for BEP2 works as expected. As of the current release, it can be used to transfer many popular BEP2 assets to BEP20 on Binance Smart Chain such as Binance pegged USD (BUSD), USDT, ETH, and WBNB.

The above feature can be crucial especially when your Binance account BEP20 withdrawals are not available. Instead transfer the BEP2 asset to this wallet and then subsequently transfer the asset to BSC. Note that you will need WBNB to transfer from BEP2 to BEP20.