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.
