Binance FUD: Since USDC does not exist on the Binance platform and other stable currency trading pairs, Binance announced on September 5, 2022, that the user’s USDC, USDP, and TUSD stablecoin balance and new recharges will automatically convert to BUSD at a ratio of 1:1. Users can also withdraw assets denominated in BUSD at any time at a ratio of 1:1 to USDC, USDP, and TUSD. Therefore, the platform must first convert BUSD to USDC when there is a large-scale USDC withdrawal.
If people will be able to withdraw money at Binance?
Users at Binance can withdraw coins anytime, Binance stated on their website. And all user assets are supported 1:1. Binance will facilitate and cater to users’ cryptocurrency withdrawal requirements seven days a week. Therefore, users can always withdraw money if they are concerned about the current scenario. The platform’s net withdrawals on December 12 and December 14 total of 6 billion US dollars, as mentioned on the website.
Also read: Binance’s Myste
We współpracy z: https://coingape.com/binance-addresses-heavy-withdrawals-amid-ongoing-fud/
