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

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


Major cryptocurrency exchanges continue to carry out measures in the aftermath of FTX collapse, now halting deposits in Solana-based Tether (USDT) and USD Coin (USDC).

Binance announced 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 (SOL)” and “USDC (SOL),” as the USDT and USDC stablecoins remain available for deposit via other blockchains.

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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.”

Other exchanges such as OKX and ByBit have also delisted Solana-based stablecoins for deposits. OKX suspended their deposits at 3:00 am UTC

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