Crypto exchange Binance suspended deposits of USDT and USDC in Solana network

Crypto exchange Binance suspended deposits of USDT and USDC in Solana network

63
Subscribe

Crypto exchange Binance suspended deposits of USDT and USDC in Solana network
After the announcement of the trading floor Solana token fell sharply, losing 5% of its value in 1.5 hours

Cryptocurrency exchange Binance has suspended deposits in USDT and USDC staple tokens issued on the Solana network. The company did not explain the reason.

"Deposits in USDC (SOL) and USDT (SOL) have been temporarily suspended until further notice," the site said in an official statement.

Following Binance's announcement, Solana's exchange rate dropped sharply. At the moment, the altcoin is trading at $13.18. In the past 24 hours, it has fallen in price by 5.3%.


UPD: Stablecoin deposits in the Solana network have also been suspended by OKX, Bybit, BitMEX, KuCoin, and MXC.

Other news

Chapter Hut 8 CEO Discusses Banks' Interest in Buying Bitcoin from Miners
Expect volatility. What will happen to Bitcoin in the coming week?
The head of BlackRock has stated about the potential of Bitcoin
Withdrawals from the Bitcoin ETF amounted to $800 million. What does this mean for the market?
Coinbase predicts a slowdown in Bitcoin price growth
Adoption Stage: How BlackRock's CEO Embraced Bitcoin
Trustpilot