Binance and BitMEX have moved to halt the deposits of Solana-based USDT and USDC while OKX went as far as delisting them
Binance, the world’s largest cryptocurrency exchange by reported trading volumes, has halted the deposits of Solana-based Tether (USDT) and USD Coin (USDC) stablecoins.
The trading platform’s users will not be able to deposit the tokens “until further notice.”
This comes after OKX, another major cryptocurrency exchange, delisted the Solana-based versions of the two largest stablecoins.
BitMEX followed Binance’s example by moving to suspend the deposits of the aforementioned tokens.
Solana (SOL) is down 4% over the past hour, currently trading at $13.31.
Tether and USD Coin are the third and fourth biggest cryptocurrencies by market capitalization, respectively.