Receiving positive news, SOL has gained more than 15% in 24 hours, currently trading at $13.11. cited recent industry events for this decision. The move comes after USDC and USDT were recently suspended for Solana deposits and withdrawals by. The total amount of USDC circulating on Solana amounts to 5 billion USDC ($5 billion), or 11% of the token’s total market capitalization. Įarlier on November 17th, it suspended the USDC and USDT deposit business on Solana chain until further notice, adding that they have the right to modify or change them in their sole discretion or cancel this notice at any time and for any reason without prior notice.Ĭryptocurrency SOLANA has dropped nearly 5% in day trading and the rate of decline is accelerating after crypto exchanges Binance and OKX announced the temporary suspension of USDC (SOL) and USDT (SOL) deposits.Īccording to the on-chain data, the supply of Solana-USDC is 62% bigger than the supply of Solana-USDT. Please note the service fee is subject to change. Our standard service fee is 20 for ETH 30 for ADA, ATOM, DOT, SOL, and XTZ and, up to 35 for other assets. Per the official announcement, Binance has announced that it has reopened its USDC (SOL) deposit service after an internal review and review. Binance.US deducts a 20 to 35 service fee from earned staking rewards, which is already reflected in the estimated Rewards Rate. For example if you choose BEP 20 as network and withdraw your ERC 20 token then the tx will be visible on Bsc scan and not Etherscan. BEP 20 represents a token standard on Binance smart chain. After abruptly halting USDC and USDT deposits on the Solana chain with “no explanation,” Binance has reportedly reopened the service following an internal review and review. BEP-2 is a technical standard for implementing and launching tokens on the Binance blockchain.
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