Coinbase: Will temporarily suspend USDC to USD conversion services, planning to restart on Monday
ChainCatcher message, according to a tweet from Coinbase, the platform will suspend the conversion of USDC-USD during the weekend when banks are closed. The conversion relies on dollar transfers that are cleared by banks during normal business hours when exchange activity is busy.
Coinbase plans to resume conversion services when banks open on Monday. Users' assets are safe and can be transferred on-chain at any time. (source link)
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
