Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto

Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto


“During periods of heightened activity, conversions rely on USD transfers from the banks that clear during normal banking hours,” Coinbase said in its tweet announcing the conversion pause. “When banks open on Monday, we plan to re-commence conversions.”

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