Binance Halts Withdrawals of Major USDC Stablecoin

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Binance Halts Withdrawals of Major USDC Stablecoin

Reuters2022-12-13

LONDON, Dec 13 (Reuters) - Binance, the world's biggest crypto exchange, said on Tuesday it had "temporarily paused" withdrawals of the major stablecoin USDC.

"On USDC, we have seen an increase in withdrawals," Binance's chief executive Changpeng Zhao tweeted at around 0820 GMT.

Swapping USDC Coin with two other crypto tokens - Paxos Standard and Binance USD - requires using traditional dollars at a bank in New York, Zhao added. "The banks are not open for another few hours. We expect the situation will be restored when the banks open."

The swaps are "1:1 conversions, no margin or leverage involved. We will also try to establish more fluid swap channels in the future," he added.

Binance said in a separate tweet the halt was due to "token swap" - where digital token holders exchange their crypto coins, typically over different blockchains.

Binancesaid in Septemberit would automatically convert user balances and new deposits of USD Coin and other stablecoins Pax Dollar and True USD into its own stablecoin, Binance USD.

Binance did not immediately respond to a request for comment.

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DingDongBell
·2022-12-13
Signs of someone tripping over... again...
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ANGG
·2022-12-13
These days bank only does business during normal business hours?
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Guavaxf30
·2022-12-13
Another one biting the dust?
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[Smug]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9921008087","repostId":1192717181,"repostType":2,"repost":{"id":"1192717181","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1670924632,"share":"https://ttm.financial/m/news/1192717181?lang=&edition=full_marsco","pubTime":"2022-12-13 17:43","market":"us","language":"en","title":"Binance Halts Withdrawals of Major USDC Stablecoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1192717181","media":"Reuters","summary":"LONDON, Dec 13 (Reuters) - Binance, the world's biggest crypto exchange, said on Tuesday it had \"tem","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/53e04b24002e9c5f7bdd20bb75a962a7\" tg-width=\"7333\" tg-height=\"4891\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>LONDON, Dec 13 (Reuters) - Binance, the world&#39;s biggest crypto exchange, said on Tuesday it had &#34;temporarily paused&#34; withdrawals of the major stablecoin USDC.</p><p>&#34;On USDC, we have seen an increase in withdrawals,&#34; Binance&#39;s chief executive Changpeng Zhao tweeted at around 0820 GMT.</p><p>Swapping USDC Coin with two other crypto tokens - Paxos Standard and Binance USD - requires using traditional dollars at a bank in New York, Zhao added. &#34;The banks are not open for another few hours. 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We will also try to establish more fluid swap channels in the future,&#34; he added.</p><p>Binance said in a separate tweet the halt was due to &#34;token swap&#34; - where digital token holders exchange their crypto coins, typically over different blockchains.</p><p>Binancesaid in Septemberit would automatically convert user balances and new deposits of USD Coin and other stablecoins Pax Dollar and True USD into its own stablecoin, Binance USD.</p><p>Binance did not immediately respond to a request for comment.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Binance Halts Withdrawals of Major USDC Stablecoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBinance Halts Withdrawals of Major USDC Stablecoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-12-13 17:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><img src=\"https://static.tigerbbs.com/53e04b24002e9c5f7bdd20bb75a962a7\" tg-width=\"7333\" tg-height=\"4891\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>LONDON, Dec 13 (Reuters) - Binance, the world&#39;s biggest crypto exchange, said on Tuesday it had &#34;temporarily paused&#34; withdrawals of the major stablecoin USDC.</p><p>&#34;On USDC, we have seen an increase in withdrawals,&#34; Binance&#39;s chief executive Changpeng Zhao tweeted at around 0820 GMT.</p><p>Swapping USDC Coin with two other crypto tokens - Paxos Standard and Binance USD - requires using traditional dollars at a bank in New York, Zhao added. &#34;The banks are not open for another few hours. We expect the situation will be restored when the banks open.&#34;</p><p>The swaps are &#34;1:1 conversions, no margin or leverage involved. We will also try to establish more fluid swap channels in the future,&#34; he added.</p><p>Binance said in a separate tweet the halt was due to &#34;token swap&#34; - where digital token holders exchange their crypto coins, typically over different blockchains.</p><p>Binancesaid in Septemberit would automatically convert user balances and new deposits of USD Coin and other stablecoins Pax Dollar and True USD into its own stablecoin, Binance USD.</p><p>Binance did not immediately respond to a request for comment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192717181","content_text":"LONDON, Dec 13 (Reuters) - Binance, the world's biggest crypto exchange, said on Tuesday it had \"temporarily paused\" withdrawals of the major stablecoin USDC.\"On USDC, we have seen an increase in withdrawals,\" Binance's chief executive Changpeng Zhao tweeted at around 0820 GMT.Swapping USDC Coin with two other crypto tokens - Paxos Standard and Binance USD - requires using traditional dollars at a bank in New York, Zhao added. \"The banks are not open for another few hours. We expect the situation will be restored when the banks open.\"The swaps are \"1:1 conversions, no margin or leverage involved. We will also try to establish more fluid swap channels in the future,\" he added.Binance said in a separate tweet the halt was due to \"token swap\" - where digital token holders exchange their crypto coins, typically over different blockchains.Binancesaid in Septemberit would automatically convert user balances and new deposits of USD Coin and other stablecoins Pax Dollar and True USD into its own stablecoin, Binance USD.Binance did not immediately respond to a request for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9921001424,"gmtCreate":1670929003368,"gmtModify":1676538461219,"author":{"id":"3554804588226892","authorId":"3554804588226892","name":"ANGG","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3554804588226892","authorIdStr":"3554804588226892"},"htmlText":"These days bank only does business during normal business hours?","listText":"These days bank only does business during normal business hours?","text":"These days bank only does business during normal business hours?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9921001424","repostId":1192717181,"repostType":4,"repost":{"id":"1192717181","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1670924632,"share":"https://ttm.financial/m/news/1192717181?lang=&edition=full_marsco","pubTime":"2022-12-13 17:43","market":"us","language":"en","title":"Binance Halts Withdrawals of Major USDC Stablecoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1192717181","media":"Reuters","summary":"LONDON, Dec 13 (Reuters) - Binance, the world's biggest crypto exchange, said on Tuesday it had \"tem","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/53e04b24002e9c5f7bdd20bb75a962a7\" tg-width=\"7333\" tg-height=\"4891\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>LONDON, Dec 13 (Reuters) - Binance, the world&#39;s biggest crypto exchange, said on Tuesday it had &#34;temporarily paused&#34; withdrawals of the major stablecoin USDC.</p><p>&#34;On USDC, we have seen an increase in withdrawals,&#34; Binance&#39;s chief executive Changpeng Zhao tweeted at around 0820 GMT.</p><p>Swapping USDC Coin with two other crypto tokens - Paxos Standard and Binance USD - requires using traditional dollars at a bank in New York, Zhao added. &#34;The banks are not open for another few hours. We expect the situation will be restored when the banks open.&#34;</p><p>The swaps are &#34;1:1 conversions, no margin or leverage involved. We will also try to establish more fluid swap channels in the future,&#34; he added.</p><p>Binance said in a separate tweet the halt was due to &#34;token swap&#34; - where digital token holders exchange their crypto coins, typically over different blockchains.</p><p>Binancesaid in Septemberit would automatically convert user balances and new deposits of USD Coin and other stablecoins Pax Dollar and True USD into its own stablecoin, Binance USD.</p><p>Binance did not immediately respond to a request for comment.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Binance Halts Withdrawals of Major USDC Stablecoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBinance Halts Withdrawals of Major USDC Stablecoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-12-13 17:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><img src=\"https://static.tigerbbs.com/53e04b24002e9c5f7bdd20bb75a962a7\" tg-width=\"7333\" tg-height=\"4891\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>LONDON, Dec 13 (Reuters) - Binance, the world&#39;s biggest crypto exchange, said on Tuesday it had &#34;temporarily paused&#34; withdrawals of the major stablecoin USDC.</p><p>&#34;On USDC, we have seen an increase in withdrawals,&#34; Binance&#39;s chief executive Changpeng Zhao tweeted at around 0820 GMT.</p><p>Swapping USDC Coin with two other crypto tokens - Paxos Standard and Binance USD - requires using traditional dollars at a bank in New York, Zhao added. &#34;The banks are not open for another few hours. We expect the situation will be restored when the banks open.&#34;</p><p>The swaps are &#34;1:1 conversions, no margin or leverage involved. We will also try to establish more fluid swap channels in the future,&#34; he added.</p><p>Binance said in a separate tweet the halt was due to &#34;token swap&#34; - where digital token holders exchange their crypto coins, typically over different blockchains.</p><p>Binancesaid in Septemberit would automatically convert user balances and new deposits of USD Coin and other stablecoins Pax Dollar and True USD into its own stablecoin, Binance USD.</p><p>Binance did not immediately respond to a request for comment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192717181","content_text":"LONDON, Dec 13 (Reuters) - Binance, the world's biggest crypto exchange, said on Tuesday it had \"temporarily paused\" withdrawals of the major stablecoin USDC.\"On USDC, we have seen an increase in withdrawals,\" Binance's chief executive Changpeng Zhao tweeted at around 0820 GMT.Swapping USDC Coin with two other crypto tokens - Paxos Standard and Binance USD - requires using traditional dollars at a bank in New York, Zhao added. \"The banks are not open for another few hours. We expect the situation will be restored when the banks open.\"The swaps are \"1:1 conversions, no margin or leverage involved. We will also try to establish more fluid swap channels in the future,\" he added.Binance said in a separate tweet the halt was due to \"token swap\" - where digital token holders exchange their crypto coins, typically over different blockchains.Binancesaid in Septemberit would automatically convert user balances and new deposits of USD Coin and other stablecoins Pax Dollar and True USD into its own stablecoin, Binance USD.Binance did not immediately respond to a request for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9923747661,"gmtCreate":1670924958353,"gmtModify":1676538460600,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3576140222331577","authorIdStr":"3576140222331577"},"htmlText":"Another one biting the dust?","listText":"Another one biting the dust?","text":"Another one biting the dust?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9923747661","repostId":1192717181,"repostType":2,"repost":{"id":"1192717181","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1670924632,"share":"https://ttm.financial/m/news/1192717181?lang=&edition=full_marsco","pubTime":"2022-12-13 17:43","market":"us","language":"en","title":"Binance Halts Withdrawals of Major USDC Stablecoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1192717181","media":"Reuters","summary":"LONDON, Dec 13 (Reuters) - Binance, the world's biggest crypto exchange, said on Tuesday it had \"tem","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/53e04b24002e9c5f7bdd20bb75a962a7\" tg-width=\"7333\" tg-height=\"4891\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>LONDON, Dec 13 (Reuters) - Binance, the world&#39;s biggest crypto exchange, said on Tuesday it had &#34;temporarily paused&#34; withdrawals of the major stablecoin USDC.</p><p>&#34;On USDC, we have seen an increase in withdrawals,&#34; Binance&#39;s chief executive Changpeng Zhao tweeted at around 0820 GMT.</p><p>Swapping USDC Coin with two other crypto tokens - Paxos Standard and Binance USD - requires using traditional dollars at a bank in New York, Zhao added. &#34;The banks are not open for another few hours. We expect the situation will be restored when the banks open.&#34;</p><p>The swaps are &#34;1:1 conversions, no margin or leverage involved. We will also try to establish more fluid swap channels in the future,&#34; he added.</p><p>Binance said in a separate tweet the halt was due to &#34;token swap&#34; - where digital token holders exchange their crypto coins, typically over different blockchains.</p><p>Binancesaid in Septemberit would automatically convert user balances and new deposits of USD Coin and other stablecoins Pax Dollar and True USD into its own stablecoin, Binance USD.</p><p>Binance did not immediately respond to a request for comment.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Binance Halts Withdrawals of Major USDC Stablecoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBinance Halts Withdrawals of Major USDC Stablecoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-12-13 17:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><img src=\"https://static.tigerbbs.com/53e04b24002e9c5f7bdd20bb75a962a7\" tg-width=\"7333\" tg-height=\"4891\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>LONDON, Dec 13 (Reuters) - Binance, the world&#39;s biggest crypto exchange, said on Tuesday it had &#34;temporarily paused&#34; withdrawals of the major stablecoin USDC.</p><p>&#34;On USDC, we have seen an increase in withdrawals,&#34; Binance&#39;s chief executive Changpeng Zhao tweeted at around 0820 GMT.</p><p>Swapping USDC Coin with two other crypto tokens - Paxos Standard and Binance USD - requires using traditional dollars at a bank in New York, Zhao added. &#34;The banks are not open for another few hours. We expect the situation will be restored when the banks open.&#34;</p><p>The swaps are &#34;1:1 conversions, no margin or leverage involved. We will also try to establish more fluid swap channels in the future,&#34; he added.</p><p>Binance said in a separate tweet the halt was due to &#34;token swap&#34; - where digital token holders exchange their crypto coins, typically over different blockchains.</p><p>Binancesaid in Septemberit would automatically convert user balances and new deposits of USD Coin and other stablecoins Pax Dollar and True USD into its own stablecoin, Binance USD.</p><p>Binance did not immediately respond to a request for comment.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192717181","content_text":"LONDON, Dec 13 (Reuters) - Binance, the world's biggest crypto exchange, said on Tuesday it had \"temporarily paused\" withdrawals of the major stablecoin USDC.\"On USDC, we have seen an increase in withdrawals,\" Binance's chief executive Changpeng Zhao tweeted at around 0820 GMT.Swapping USDC Coin with two other crypto tokens - Paxos Standard and Binance USD - requires using traditional dollars at a bank in New York, Zhao added. \"The banks are not open for another few hours. We expect the situation will be restored when the banks open.\"The swaps are \"1:1 conversions, no margin or leverage involved. We will also try to establish more fluid swap channels in the future,\" he added.Binance said in a separate tweet the halt was due to \"token swap\" - where digital token holders exchange their crypto coins, typically over different blockchains.Binancesaid in Septemberit would automatically convert user balances and new deposits of USD Coin and other stablecoins Pax Dollar and True USD into its own stablecoin, Binance USD.Binance did not immediately respond to a request for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":86,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}