Binance & Others Suspend USDC & USDT Solana Chain Deposits: What's Happening?

Have you noticed issues depositing USDC and USDT on Solana? You're not alone. Leading crypto exchanges, including Binance and OKX, announced temporary suspension of USDC (SOL) and USDT (SOL) deposits, causing concern and impacting market sentiment.

Crypto exchanges Binance and OKX announced temporary suspension of USDC (SOL) and USDT (SOL) deposits, while Solana (SOL) price dropped. This recent development has sent ripples through the crypto community, prompting users to seek clarity on the situation.

According to reports, Binance announced on Nov. 17 that deposits of Solana-based USDT and USDC have been “temporarily suspended until further notice” on the platform. This abrupt halt in deposit functionality has left many wondering about the reasons behind the decision.

On Thursday, Binance announced that deposits for Solana-based USDC and USDT tokens had been “temporarily suspended until further notice,” without providing any immediate explanation. This lack of transparency has fueled speculation within the crypto space.

The exchange Binance has temporarily suspended tether (USDT) and USDC deposits on the Solana blockchain. This suspension affects users who rely on Binance for managing their USDC and USDT holdings on the Solana network.

While Binance suspended deposits, it's important to note that it later resumed deposits of Solana-based USDT. The situation remains fluid, with the status of USDC deposits still uncertain.

Adding to the complexity, Rival OKX delisted certain Solana-based tokens, further contributing to market uncertainty. It is crucial to stay informed and monitor official announcements from these exchanges for the latest updates on deposit and withdrawal availability.

We will continue to monitor this situation and provide updates as they become available. Check back frequently for the latest information on Binance, OKX, Solana, USDC, and USDT deposits.