Market Cap: $3,172,985,855,419
24h Vol: $133,047,356,355
Cryptocurrencies: 28150
Markets: 117361
Cryptocurrencies: 28150
Markets: 117361
Market Cap: $3,172,985,855,419     
24h Vol: $133,047,356,355
Seeking Alpha 2022-12-13 10:10:54

Binance halts withdrawals of USDC stablecoin until it can conduct token swap

Binance halts withdrawals of USDC stablecoin until it can conduct token swap
Crypto exchange Binance temporarily halted withdrawals of stablecoin USDC ( USDC-USD ) Tuesday. "#Binance is conducting a token swap involving $USDC," the exchange tweeted. "As a result, $USDC withdrawals are temporarily paused." "$USDT & #BUSD withdrawals are available and unaffected. $USDC withdrawals will reopen once the token swap is completed." The price of USDC was little changed. Bitcoin ( BTC-USD ) and Ethereum ( ETH-USD ) were up about 2% . Stablecoins Tether ( USDT-USD ) and BUSD ( BUSD-USD ) were unchanged. "On USDC, we have seen an increase in withdrawals," Binance CEO Changpeng Zhao tweeted. "However, the channel to swap from PAX/BUSD to USDC requires going through a bank in NY in USD. The banks are not open for another few hours. We expect the situation will be restored when the banks open." Meanwhile, former FTX CEO Sam Bankman-Fried was arrested in the Bahamas ahead of House testimony .
esptco-banner img
Latest News

Videos

  • Stock Market Vs Crypto Fundamentals! Which is the best? Explained!

  • Helium Mining: New HNT Mining Hotspots Revealed!

  • What is Bitcoin (BTC) & How it Works? Simply Explained!

  • What are Blockchain Forks? Hard Fork Vs Soft Fork!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire