Crypto exchange Binance halts withdrawals of major USDC stablecoin1 min read . Updated: 13 Dec 2022, 03:32 PM IST
- The Binance CEO said that swapping USDC Coin with two other crypto tokens – Paxos Standard and Binance USD – requires using traditional dollars at a bank in New York
Digital-asset exchange Binance Holdings Ltd on Tuesday said it had "temporarily paused" withdrawals of the major stablecoin USDC. Taking to Twitter, Binance's chief executive Changpeng Zhao wrote, "On USDC, we have seen an increase in withdrawals."
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