Binance, OKX and Bybit suspend USDT and USDC deposits on Solana

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Binance, OKX and Bybit suspend USDT and USDC deposits on Solana
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Solana USDT and USDC deposits have been suspended on Binance, OKX, and Bybit.

on Nov. 17 that deposits of Solana-based USDT and USDC have been “temporarily suspended until further notice” on the platform.

The exchange referred to the tokens as “USDT ” and “USDC ,” as the USDT and USDC stablecoins remain available for deposit via other blockchains. Binance did not provide more information on the measure, adding that it “reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.”their deposits at 3:00 am UTC on Nov. 17, while ByBit reportedly disabled such deposits as of Nov. 17 as well.According to the on-chain data, the supply of Solana-USDC is 62% bigger than the supply of Solana-USDT.

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